September 11, 2017
The one consistent rule in short sales is that the rules will always change! I have noticed a new trend with all Fannie Mae backed short sales in the last year or so. Once reaching approval stage, 100% of the time Fannie Mae is requesting a cash contribution or large promissory note from all NON-OWNER OCCUPANT short sellers. Lenders have never
September 9, 2017
A lot of my clients have more than just house debt…usually they also have credit card and other debt to add to the mix. Once you start borrowing from one to pay the other, or keeping some up at the expense of the others, it’s time to start considering your options and fast. If you’re falling
September 9, 2017
There is a lot involved in getting through a short sale. For the sellers – it is clearly imperative to choose the right short sale listing agent to get the home sold and the short sale negotiated. But often overlooked is the role of the buyers agent. The right buyers agent will provide some invaluable services to a buyer wanting
September 9, 2017
Why is it important to know who the investor is on your loan? Contrary to popular belief, the bank you send your payment to rarely actually owns your loan. Loans are actually owned by investors, and only serviced by who you send your payment to. Whether you send your payment to Bank of America, Wells Fargo or GMAC, they do
September 9, 2017
Short sellers often have different needs than sellers in a “regular sale”. Some buyers mistakenly believe that all that matters is how much they offer. While the amount of your offer is important, it is not the single most important determining factor, nor do the sellers have any obligation to accept any offer simply based on its
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