Mussings on Short Sales and other Things

Your Distressed Property and Short Sale Expert in Maryland  How could they say such a thing? Just ask the investors who are also beginning lawsuits against the lenders for recklessly endangering their funds. FAFA, which oversees Fannie Mae and Freddie Mac took steps to review lending practices an...

Your Distressed Property and Short Sale Expert in Maryland  The Federal Deposit Insurance Corporation has a new division and new powers. The Office of Complex Financial Institutions, run by Jim Wigand, has oversight of the USAs largest financial firms. His mission is to be prepared to seize and l...

Clarity is the big issue, for sure! Find out what buyers can do, what they want, and how far they are willing to go. That will go a long way and save everyone some time.The Top 10 Mistakes Made in the Home Buying Process - And it's Not Always the Buyers Making the Mistake. This post was inspired ...

I have heard a few "horror" stories, and agreee. Tell your selling clients not to cut off their homeowners insurance until the transaction has been completed. I have told mine to put the cut-off date a few days after closing for two reasons. 1) They have time to reactivate if closing doesn't take...

Your Distressed Property and Short Sale Expert in Maryland 'Would you like to "improve" certain parts of your body?' Yes, Banks are so hard up that now they are allowing advertising software companies to browse your purchases, and your purchase history, to place affinity ads onto your online bank...

Your Distressed Property and Short Sale Expert in Maryland  If you haven't gone through foreclosure, or been very near someone going through foreclosure, as I have been, it's may be difficult, or impossible, for you to understand. Let me help you a bit.  Have you ever had a real problem you could...

Your Distressed Property and Short Sale Expert in Maryland  It sure can be! Not the flipping horrors stories, where the agents/brokers, appraisers, and lenders, colluded to defraud buyers/borrowers, but the FHA sanctioned practice of rehabbers buying, fixing and reselling homes within the 90 day ...

Your Distressed Property and Short Sale Expert in Maryland  Yes, the Internal Revenue Service needs time to revise some forms specifically for most homeowners since Congress was so late revising the tax code - just a month ago. The forms must be altered because of the "Tax Relief, Unemployment In...

Your Distressed Property and Short Sale Expert in Maryland  When President Obama refused to raise taxes for most Americans he made it much more difficult for his admistration to cut the US budget deficit, due to lower, or not rising, tax revenues. Now he plans to propose some deep budget cuts, bu...

Your Distressed Property and Short Sale Expert in Maryland  The US Treasury plans to convert it's hugh preferred stock holdings in AIG to nearly 1.7 Billion shares of common stock, a 92% ownership stake of AIG, that it hopes it can sell over the next two years. The US bailout to AIG hit $180 bill...