Bank of America continues its trend of being all over real estate news as of late by offering new cash incentives for distressed homeowners whom decide to utilize short sales in lieu of foreclosing.
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.
Kara Homes employee, Jacklyn, has written a guest blog entry for us about her perspective of short sales and the issues that can reduce or increase the amount of time that it takes to short sale.
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.
"Do I have to miss a mortgage payment to do a short sale?" I hear this question a lot. It's a common misconception that being late on your mortgage payment is required for short sale approval, but it simply isn't true.
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.
This Kara Homes & Associates client received short sale approval, $3,000 from HAFA, no deficiency judgment, and kept their excellent credit. It doesn't get much better than this!