President Obama’s Home Affordable Refinance Program - HARP The Federal Housing Finance Agency announced big changes to its Home Affordable Refinance Program on October 24th, 2011. If you’re under water on your mortgage, you may be eligible to refinance your current mortgage with a new low interes
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10/26/2011
“I won’t qualify for a short sale.” This is one of the biggest myths out there, and it’s one that I hear from people all the time. They think that they won’t qualify for a short sale because they have high income and excellent credit. The fact is, all homeowners have the right to ask for mortga
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10/25/2011
According to an article by Businessweek last week, “there has been a ‘dramatic shift’ in banks’ willingness to sell a property for less than the mortgage balance”. The Businessweek article also cites data from RealtyTrac Inc, which shows that short sales are generally a 20% discount compared to
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10/24/2011
When helping people complete a short sale, I'm exposed to each person's personal life to understand the hardship one may have endured to be forced to sell their home. Some people choose to short sell because it's a smart move financially, but some are forced to sell because of hard times. Durin
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10/21/2011
I'm writing this blog for two reasons: First, I want to brag about just how good my team is at processing short sales. Second, I want to stress that the big law firms and real estate brokerages (the ones with all the TV commercials and billboards) are not always better. A Winter Park family was
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10/05/2011
Short Sale Success Story:Save your credit, short sale your property, and get paid to do it! Many people feel trapped by their home because they know the value has dropped below the mortgage amount, but they don't want to miss a payment for fear of credit damage. Most homeowners feel that since t
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10/05/2011
I just saved my client (let’s just call him Joe) $653,898 today. No games, no gimmicks, no gambling. FACT: Joe has a net worth that is $653,898 higher than it was before he met me. Even better, Joe didn’t pay me one cent. My services are free to him. Did your stock broker make you $653,898 thi
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09/29/2011
My company has been touting the success of the HAFA program quite a bit lately; the homeowner gets out of the upside down toxic asset mortgage, gets a full release of deficiency and even gets cash at closing. What could be better? Even better news came across my desk today though: apparently sev
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09/22/2011
401 Krueger Street, Orlando FL3 Bedrooms, 2 BathroomsOversized 2-car GarageDesigner Pool & Custom Upgrades!- $155,000 - This is a truly beautiful home with scores of updates and custom upgrades. Located close to downtown and the Conway chain of lakes, this home is also just a short drive from di
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09/20/2011
I'm holding the approval letter in my hand! Typically, a short sale approval takes anywhere from 45 to 60 days, and when the file has to go through the rigerous HAFA portion of the process, it can take an ADDITIONAL 30 to 45 days. However, the HAFA program is such a great thing for our sellers t
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08/30/2011
