I’m so sick and tired of hearing about upcoming webinars and interviews with the top brass of Bank of America in which they’re going to discuss “all the great things” they are doing to help homeowners with short sales. It’s such a crock of crap. The bottom line is, and will ALWAYS BE, about the [...]
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Mortgage Insurance Rates Flare – BUY NOW!!
It’s no secret that there are hundreds of thousands of homeowners out there that are in behind on their mortgage payments and need help selling their house via a short sale to get out from under the burden of a debt they can no longer pay. Heck, that’s why we’re in business…to help these homeowners! [...]
3-Hour Short Sale!
Short sales CAN be frustrating. But many times, if the package is submitted properly, with all of the necessary documents that the negotiator requires, and the offer is one the lender can work with, your chances of a quick approval grow exponentially. Here’s an example of an FHA short sale we submitted, and in only [...]
Can I Do A Short Sale with Mortgage Insurance On My Loan?
The short answer is yes, but there are some things you should know about mortgage insurance first. Sometimes mortgage insurance can be a real pain to deal with in a short sale. Since the mortgage insurance company is insuring the mortgage lender against losses in the event of default situation by the homeowner, when a [...]
Bank of America Sues Over Mortgage Claims
Well, just when you thought you’ve heard enough about Bank of America, with the robo-signing news, the overwhelming frustration in the community from homeowners, Realtors, and negotiators at companies like mine complaining about their service, the mega-bank is in the news again. But this time, they are the ones complaining. Apparently, they are a little [...]
Banks Choose Foreclosure Over Short Sale – Due To Accounting Rules
As you know the short sale business is not one in which every transaction closes successfully. There are dozens of variables that can put the brakes on a short sale and result in the foreclosure, and that pretty much sucks for everyone involved. And it’s happened to me too….albeit not that often. Over the last [...]
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