Here is a reblog from another agent providing encourgement to sellers in or facing foreclosure. A quote from her blog post says it all but make sure you read the full post: "Why am I sharing this with you? Because no matter how bad it gets, you will make it through. This couple did everything ri
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04/13/2012
IS A SHORT SALE FOR YOU?To learn more about a short sale, Click HereIf you are struggling with your home payments, you’re not alone. An estimated one fourth of all U.S. homeowners are upside down on their mortgage—meaning they owe more on their home than it is worth – and millions are behind on
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04/13/2012
Obama’s FY2013 budget proposal includes an extension of the Mortgage Forgiveness Debt Relief Act of 2007. The reason this act is important in today’s housing market is that, without the act, debt reduced through mortgage modifications or short sales qualifies as income to the borrower and is
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04/13/2012
The news has been abuzz in the past few weeks about the historic Robo-Signing Settlement reached between the government and five major lenders. Chances are you have a lot of questions: What is robo-signing? Which banks are involved? How much money is the settlement worth? Who is eligible? For d
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04/12/2012
Two weeks ago, we received buyer contracts for two of our short sales – each FHA buyers. While both had credit histories that would qualify them for a FHA loan – both had over $1000 in disputed collections, one was just $1,200. As neither had locked in their loans or an established a “loan cas
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04/10/2012
Considering Bankruptcy? There may be alternatives you’ve never considered. Millions of homeowners today are having difficulty making mortgage payments, and bankruptcy may seem unavoidable. However, it is crucial to understand the consequences and alternatives to bankruptcy, which may include t
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04/04/2012
FIDUCIARY AND LEGAL RESPONSIBILITIES OF REALTORS RELATING TO SHORT SALES - Part II - Explaining to the Homeowner What Their Options Are. First my disclosure: I am not an attorney. This is a Part II of 4 RE-Blogs from one of my consulting attorneys regarding a important subject on fiduciary
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04/03/2012
It’s time to take another look at short sales As recently as a few months ago, if you would have told a real estate agent who specialized in short sales that they’d be raving about a lender’s stellar service and rapid approval times—not to mention significant cash incentives for financially str
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04/01/2012
