Category Archives: News

Short Sales Continue to Become More Common than Foreclosures

Posted on May 17, 2013 by Catherine Aliaga

Recent data provided by HOPE NOW, an alliance of mortgage servicers, investors, mortgage insurers, and nonprofit counselors, suggests that alternative solutions to foreclosure continue to become common place, namely short sales and loan modifications. Loan modifications and short sales are … Continue reading →

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Freddie Mac’s New Short Sale Process Has Begun to Take Hold

Posted on January 28, 2013 by Eartha Wang

  Freddie Mac’s New Standard Short Sale program has been implemented for about three months now and Freddie Mac continues to advertise and spread the words about this new program to the homeowners who are behind on payments about their … Continue reading →

Posted in Foreclosure, Homeowner Information, Housing Trends, News, Short Sale Market News, Short Sale Realtor Tips, Short Sales | Comments Off

New and Improved Guidelines from Fannie Mae and Freddie Mac on Short Sales!

Posted on October 19, 2012 by Eartha Wang

Great news for Fannie Mae and Freddie Mac borrowers who are facing foreclosure! Fannie Mae and Freddie Mac has announced that starting November 1, 2012, they will be conducting new Short Sale guidelines that allow easier and quicker Short Sale … Continue reading →

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Higher Number of Short Sales Predicted

Posted on October 18, 2012 by Eartha Wang

The ratings agency DBRS has announced its prediction of decline in Foreclosures in 2013 vs. 2012. This is due to banks increasingly using Short Sales to prevent Foreclosures. More and more banks are using Short Sales as their only method of loss mitigation to … Continue reading →

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Housing Prices Rise while Mortgage Rates Continue to Fall – 30-Year Fixed Hits New Low

Posted on July 4, 2012 by John Anderson

The 30-year fixed mortgage set a new record-low – 3.75%, according to Freddie Mac’s Primary Mortgage Market Survey.  The 15 year fixed also fell, landing at 2.97% on 5/31/12. The 30-year fixed-rate mortgage dropped .8% to 3.75 percent for the … Continue reading →

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New Short Sale Rules Take Effect in June

Posted on July 4, 2012 by John Anderson

With short sales expected to outpace foreclosures in the coming year, the short sale process itself will be streamlined under new guidelines adopted by Fannie Mae and Freddie Mac. The guidelines, which take effect on June 15, 2012, require mortgage … Continue reading →

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Housing Prices Expected to Increase Next Year

Posted on April 3, 2012 by John Anderson

If the latest forecast by the Urban Land Institute (ULI) is correct, the Dallas area will see a turn around in housing prices as soon as 2013 Similarly, housing price increases may be more modest in our area Continue reading →

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More Houses Underwater Means Tough Decisions for Homeowners

Posted on March 7, 2012 by John Anderson

Amidst all of the political wrangling over the state of the economy, new data indicates that the housing market is still suffering, with nearly one in four homeowners underwater with their mortgage. In addition, another 2.5 million homeowners qualify as “near negative equity,” meaning they have less than five percent equity in their home, according to the report Continue reading →

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What to Expect from a Short Sale Realtor

Posted on December 6, 2011 by John Anderson

A short sale can be the saving grace for a homeowner on the verge of losing their house because they can’t make the mortgage payments The key is to work with an experienced realtor who has a solid track record in short sale negotiations Continue reading →

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Oyezz Broker Eartha Wang Designated as Certified Distressed Property Expert

Posted on November 16, 2011 by John Anderson

Dallas, November 16, 2011 – Eartha Wang, licensed Texas Real Estate Broker and co-founder of Oyezz Real Estate, has formalized her short sale expertise by obtaining the Certified Distressed Property Expert (CDPE) certification from the Distressed Property Institute as well as the Sale and Foreclosure Resources (SFR) certification from the National Association of Realtors Continue reading →

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