Loan modifications appear to be on the decline as banks turn to short sales and other alternatives to clear out the backlog of defaulted loans. Moody’s Investors Service reported this week a decrease in successful loan mods and a high failure rate for successful modifications in the third quarter
...
01/31/2012
Carol & Brett Smith of Riverside, CA, had been trying to have their home loan modified for months, but their bank just wasn't cooperating. After hitting a final brick wall, they opted for a short sale of their home, and it was the best decision they ever made. "Our relationship with Brian Bean da
...
01/27/2012
Foreclosures will dramatically increase this year as banks attempt to deal with the backlog of delinquent homes that languished in 2011, experts say. Banks filed foreclosures on nearly 1.9 million homes and took back more than 800,000 last year, according to online industry tracker RealtyTrac. Bo
...
01/21/2012
Fannie Mae cuts ‘ability to pay’ requirement Major banks have delayed the rollout of the HARP 2.0 Refinance program until mid-March. Though all major lenders previously indicated they would begin offering the updated Home Affordable Refinance Program for upside-down homeowners starting in Decembe
...
01/15/2012
The new year brings good tidings and cheer. And a host of new laws aimed at protecting consumers. New laws taking effect this week target tenant rights, homeowner association fees and real estate agents. They include: Condo Rentals Starting Jan. 1, owners of units in a common-interest development
...
01/02/2012
Are you looking for a change for 2012? Not happy with your production in 2011? Ready to close at least 5 deals a month? Dream Big Real Estate is looking for a high-octane Buyer's Agent for our vibrant and growing brokerage. We are flooded with business and Great Potential Buyers are falling throu
...
01/01/2012
