New short sale rules

Fannie mae and Freddie mac have come up with new rules.: As reported by the LA Times, Fannie and Freddie have finalized their new “streamlined” short sale guidelines effective Nov.1st. Here are the highlights of the finalized criteria: Fannie Mae and Freddie Mac will...

More cities housing makets are recovering

Nationwide there was 1,8 % quarter to quarter change this year but lots of areas did better. This does not include reos or short sales so its pretty accurate. This exhaustive study has lots of charts and stat. I included a few but if you want to see the whole picture,...

New short sale and loan mod rules

Homeowners receiving loan modifications for their primary residence (and noted on their credit report); are now being treated as short sellers by Fannie Mae…even if the homeowner was never late on their mortgage. In other words: A responsible homeowner, who made their...

Short Sales Increasing

Banks are finally getting it- probably because they are getting a financial benefit (mostly from our tax payer money) They are really pricing short sale properties with more reality. Short sales are up significantly and at a larger proportion than last year. read the...