Roseville CA – Fannie Mae stands for Federal National Mortgage Association. Fannie Mae was placed into conservatorship by the US government in June, 2008. Fannie Mae short sales are much simpler than other short sales. Around half of all US mortgages are owned by Fannie Mae or Freddie Mac. That m
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09/30/2010
Roseville CA – I have feared this for a long time. But today I found out that it is actually happening. Here’s the story. Someone is short selling a house. The mortgage is with ABC Bank. They happen to have their checking or savings account at ABC Bank. Discover how other sellers successfully did
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09/30/2010
Roseville CA – The Stop Foreclosure Institute is closing another short sale tomorrow. The sellers had a job transfer out of state. They were short selling an FHA loan with a second mortgage. The short sale was fairly simple because FHA’s short sale guidelines. Discover how other sellers successfu
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09/30/2010
Roseville CA – People often ask me, “How does a short sale work for the seller?” A short sale is usually very beneficial for the seller. Here is how the process goes. First, the seller will put the home up for sale with an agent. It will usually take 1-3 months for the house to sell. During that
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09/29/2010
Roseville CA – This is a continuation of yesterday’s blog post about common short sale mistakes and how to avoid them. Common Short Sale Mistake #4: Not doing research to find the decision maker on the loan. Most loans are not owned by the lender you are dealing with. In fact, between 60% and 75%
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09/29/2010
Roseville CA - If you are facing foreclosure, then I'm sure you've heard of a Deed In Lieu of foreclosure. Some people say it is a great way to avoid foreclosure. Actually, all it does is accelerate the foreclosure process. Discover how other sellers successfully did a short sale and request a fr
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09/28/2010
Roseville CA – Here are common short sale mistakes we often see people make. Common Short Sale Mistake #1: Not ordering a title search before negotiating the short sale. Discover how other sellers successfully did a short sale and request a free consultation by clicking here. Many people do all t
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09/28/2010
For any homeowner who is considering Bankruptcy, this is a must read. Bankruptcy will not prevent a foreclosure. However, you can short sale your home to avoid foreclosure. Mark Peek If you or someone you know is facing overbearing financial obligations and have considered declaring bankruptcy
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09/26/2010
Roseville CA – People with a VA loan often ask if they are eligible for a short sale. The answer is yes. A VA Short Sale is called a VA Compromise Sale. The Department of Veterans Affairs publicly releases copies of the Compromise Sale Guidelines. We usually list the property for sale and then su
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09/24/2010
This story is not surprising. I negotiated and closed a West Roseville short sale around the same time. Title transferred to the new owner. However, my client kept receiving collection notices from BofA saying he still owed money. Then he checked his credit report and found out that BofA did
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09/24/2010
