Modified Loans Defaulting Administration-insured home loans entering foreclosure jumped in March after half the mortgages it modified to ease repayment terms were in default again a year or more later.…
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Short Sales Outpace REO Sales With the number of short sales increasing and even outnumbering REO sales in certain states, experts are speculating short sales might become key to preventing an even greater…
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Bill Preventing Foreclosures with Approved Short Sales The California Association of Realtors (C.A.R.) announced its sponsoring a bill that will prevent California homeowners from going into foreclosure…
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The expiration of the Mortgage Forgiveness Debt Relief Act. Are you & your clients are aware of what's happening on December 31st of this year? How will you get the word out to your friends, family,…
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Fannie and Freddie Set Timeline Requirements for Short Sales Beginning June 15, real estate agents working with distressed homeowners whose loans are backed by Fannie Mae and Freddie Mac should expect…
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Bank of America moves to speed up Short Sales Bank of America wants to hit the fast forward button on selling thousands of distressed homes in Florida. Starting Saturday, the bank's goal will be to approve…
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Settlement To Boost Short SalesThe government's $25 billion settlement with the nation's five biggest mortgage servicers over so-called "robo-signing" practices could boost short sales, as loan servicers…
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Settlement To Boost Short Sales The government's $25 billion settlement with the nation's five biggest mortgage servicers over so-called "robo-signing" practices could boost short sales, as loan servicers…
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Settlement To Boost Short Sales The government's $25 billion settlement with the nation's five biggest mortgage servicers over so-called "robo-signing" practices could boost short sales, as loan servicers…
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Banks Foreclosing On Churches In Record Numbers Banks are foreclosing on America’s churches in record numbers as lenders increasingly lose patience with religious facilities that have defaulted on their…
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28% of U.S. Homes now Underwater With home prices nationwide continuing to decline it is not surprising that the number of homeowners who are underwater (i.e. owe more on their mortgages than the value…
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Negative equity traps one third of American borrowers As home sales begin a slow recovery and potential buyers dip their toes back in real estate's still-troubled waters, many of them face a huge barrier…
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Underwater Borrowers Eligible For Settlement Write-Downs A calculation by a Brookings Institution economist narrowed down a pool of underwater homeowners to 500,000 who could qualify for principal reduction…
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Robbie Vaughn added an answer:
Looking to purchase an home the first time. I'm starting to establish my credit because i have filed bankruptcy. So far so good. Any advise?
There is a lot to consider (i.e. bankruptcy chapter, date of discharge), but there are things you can to raise your score quickly (for free!). Hopefully yo
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Short Sales UP - 24% of Q4 2011 During the three months that ended December 31, homes that were either bank-owned or going through the foreclosure process accounted for 24% of all home sales, up from 20%…
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2500 Foreclosures Up For Bulk Sale "Barely six hours after billionaire investor Warren Buffett said that if he could he’d like to buy 'a couple of hundred thousand single family homes', the regulator…
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Lenders paying borrowers to do short sales Lenders are allowing more short sales by financially strapped homeowners and a few people are even getting cash to complete the sale. Short sales are when lenders…
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Fewer Foreclosures = Lower Prices? Close to 12 million borrowers are now in a negative equity position on their homes because so many other borrowers were unable to afford their mortgages. The logical…
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New bill to Speed Up Short Sales Senators Lisa Murkowski, Scott Brown, and Sherrod Brown are proposing a bill requiring mortgage lenders to make a prompt decision on whether to allow a short sale at the…
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FHA defaults Rise Defaults on Federal Housing Administration (FHA) mortgages increased in December for the ninth-straight month. More than 711,000 FHA-backed home loans were in default at Dec. 31, nearly…
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