by Phyllis Rockower | May 7, 2012 | Real Estate News
According to Kenneth R. Harney of the Los Angles Times’ Real Estate section- Homeowners can expect a response from their bank on a “Short-sale Offer” wiithin 30 business days, with a final decision taking no more than 60 days, if their loan is owned...
by Phyllis Rockower | Apr 30, 2012 | Real Estate News
New federal rules could speed up short-sale process Homeowners can expect a response from their bank on a short-sale offer within 30 business days, with a final decision taking no more than 60 days, if their loan is owned by Fannie Mae or Freddie Mac. What has your...
by Phyllis Rockower | Apr 1, 2012 | Real Estate News
New laws are encouraging 5 big banks to do a principal write down by giving financial incentives. These do not apply to fannie and freddie. The chief regulator there is refusing to do so. Do you think that this “quasi-govt” agency should be...
by Phyllis Rockower | Mar 14, 2012 | Housing News, Real Estate News
The deal gives 5 major services-NOT NECESSARILY THE BANKS, incentives to write down the loans of severely upside down homeowners. Most of these home loans are not owned by the banks and might trigger litigation by the investors whose money it actually is. CA. was a...
by Phyllis Rockower | Feb 11, 2012 | Economic News, Housing News, Real Estate News
Banks have to fork over lots of money to struggling homeowners. The problem is its onlky a few banks and IT DOES NOT INCLUDE FHA OR FANNIE MAE LOANS. Huh? That’s 60% of Ca. loans Read the...
