March 25, 2025
How Water Damage Can Affect Your Home’s Value in a Pre-foreclosure Sale Water damage makes it harder to sell your home, especially when in foreclosure. It lowers the home’s value, makes buyers nervous, and can lead to costly repairs. The good news? You can prevent further loss by spotting problems early, fixing key issues, and
February 25, 2025
The VA short sale process explained! The VA foreclosure moratorium is over! VA has had foreclosures on hold for quite some time as they introduced new options for struggling borrowers in 2024, but time is up. Per MPA, Foreclosure starts surged by 30% in January, while foreclosure sales climbed 25%. Active foreclosure inventory also increased
November 12, 2024
How long is the CT short sale process from list to close? How long will the short sale process take? While all sales are different, you can expect an average short sale to last 4-5 months from list to close. Now mind you, I have had some approved in as little as 10 days, and
November 12, 2024
What is a HUD Partial Claim and how will it affect my home sale? If you have an FHA backed mortgage and you’ve ever had any type of loan workout – including a loan modification or forbearance, odds are you have a partial claim against the home. Over a million new HUD Partial Claims were
October 22, 2024
FHA updates Partial Claim Document Recording and Payoff Statement Process Since the beginning of Covid 19, Congress has provided HUD with the authority to use Partial Claims, which are zero interest subordinate liens, on their own or in combination with loan modifications, as a loss mitigation tool. Mortgagees may use to assist Borrowers in bringing
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