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- Short Sales Continue to Become More Common than Foreclosures
- Foreclosures Avoided with 422,000 in Short Sales and 850,000 in Loan Modifications in 2012
- Obama Administration Reports on Loan Modifications and Foreclosures in January
- Freddie Mac’s New Short Sale Process Has Begun to Take Hold
- U.S. RMBS (Residential-Mortgage Backed Security) Delinquencies Dropped in Q4 2012
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Tag Archives: Fannie Mae
New Short Sale Rules Take Effect in June
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
Posted in News
Tagged borrower, Fannie Mae, foreclosure, Freddie Mac, homeowner, housing market, housing prices, mortgage, mortgage note, mortgage servicer, RealtyTrac, short sale, short sale lender, short sale process
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Robo-signing Settlement: The Impact on Short Sales
The settlement closes the chapter on the robo-signing scandal that broke in late 2010, when it came to light that major service providers were signing off on foreclosure documents without following proper protocols – in many cases, without even reading the paperwork. Continue reading
Posted in Foreclosure
Tagged Ally Bank, attorney general, Bank of America, Citibank, Fannie Mae, foreclosure, Freddie Mac, GMAC, JPMorgan Chase, mortgage lender, mortgage modifications, robo-signing, short sale, Wells Fargo
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Short Sale vs. Foreclosure: Do the Right Thing
The majority of lenders would prefer to avoid foreclosing on a home and instead negotiate a short sale A short sale is beneficial to the homeowner as well as the bank; yet, in our experience about 80 percent of homeowners in arrears on their mortgage end up taking the foreclosure route, with detrimental results. More importantly, negotiating a short sale is the right thing to do Continue reading
Posted in Short Sales
Tagged car loan, credit card, Fannie Mae, foreclosure, Freddie Mac, negotiate a short sale, short sale
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Recognizing Short Sale Fraud
As the number of foreclosures has increased nationwide, so has the amount of fraud activity related to short sales In a legitimate short sale scenario, there is no reason for you to leave your house The third type of short sale fraud involves agents who charge an upfront fee for a short sale Continue reading
Posted in Homeowner Information
Tagged arms length agreement, deed, Fannie Mae, flipping, flopping, fraud, home buyer, mortgage fraud, negotiate a short sale, power of attorney, short sale, short sell a house
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John Anderson