by Phyllis Rockower | Aug 19, 2013 | Foreclosure Updates
Foreclosure activity accelerated in July [highlight bg=”#fc0″ color=”#000″]rising off of the 78 month low[/highlight] it reached in June, RealtyTrac said today. There were 130,888 foreclosure filings – including default notices, scheduled...
by Phyllis Rockower | Apr 7, 2013 | Housing News
Last year the 5 biggest banks cut a deal with 49 attorney generals.They were B of A, Chase, Wells Fargo, Citigroup and Ally financial. In return for not being sued, they agreed to certain practices. No dual tracking. That means that they can’t continue with the...
by Phyllis Rockower | Jun 25, 2012 | Uncategorized
New federal law is making it mandatory that banks shorten the time that they take to give you an answer to a short sale.(of course, i wonder what the penalty is) Laws are great if they have teeth. Otherwise, it’s just so much hot air. Oh well, let’s be...
by Phyllis Rockower | Jun 15, 2012 | Articles
Every time you make an offer to a bank, be prepared to close. There is no assignment regardless of what some “guru” tells you. You can do a double close but it is risky and complicated. Your deposit is at risk unless you have someone who is willing to put...
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...
