Laurie Goodman is a housing analyst with 28-years of experience in studying mortgage-backed securities for big investment banks. She spoke to CNN's Money Magazine on the idea of housing bailouts and the necessity for banks to be open to working with borrowers to stave off foreclosures.
On February 9, a $25 billion settlement was announced with Ally Bank, Bank of America, Citicorp, JPMorgan and Wells Fargo, five of the largest mortgage lenders in the country, due to perceived failings on the parts of the banks in dealing with homeowners. With the exception of Oklahoma, every state, as well as Washington D.C., took part in the settlement agreement in an attempt to facilitate the resurgence of the housing market.
DSNews.com reported that home prices increased again in March for a second consecutive month, which has not happened since August of 2010. The data, based on a RE/MAX housing report, showed a median March price of $184,525. This was found to be up 7.3 percent over February’s median price.
The FHFA announced new regulations that will apply to Fannie Mae and Freddie Mac's short sale procedures. These regulations will accelerate the short sale process for buyers and sellers.
Post discussing options for luxury real estate owners utilizing short sales or strategic default.
Why are some analysts saying that 2012 is the year of the short sale? A overwhelming number of upcoming foreclosure filings, level-headed and realistic homeowners, and forecasts of further decline in home value add up to homeowners making a business decision to short sale their home.
I've been getting a lot of questions lately about the HAFA Program and how it relates to short sales, and why people should pay attention to it if they have been thinking of selling their home. There are loads of other websites out there that explain and define the HAFA short sale program, but this is my attempt at a very clear and concise explanation.
You might be writing a hardship letter for any variety of reasons: loan modification, short sale, or several others. This particular article relates to writing a short sale hardship letter, but most of the hardship letter guidelines and certainly the hardship letter sample is useful for almost any type of hardship letter.
According to an article in New York Times, mortgage lenders are offering cash incentives to homeowners willing to short sale. Shed the high payment of an upside down mortgage and get paid to do it!
I just saved my client $653,898. Can your stock broker say that? Has your financial advisor ever been able to improve your bottom line by that much in two months? Shed your toxic assets to bolster your net worth in these tough economic times.