by Phyllis Rockower | Mar 6, 2013 | Housing News
Someone sent this to me but i can’t remember who. Thought i’d pass it on anyway. 1) “Free” credit report scores are accurate and reflect mortgage report scores. No. For the purposes of obtaining a mortgage; free credit reports are literally worthless. 2) A...
by Phyllis Rockower | Jan 2, 2013 | Housing News
Whew!!!! I was wondering about that but found out that they extended the bill that will allow homeowners relief from getting a tax bill when they short sell their home. Under a law signed in 2007, debt relief on loan modifications, short sales, and foreclosures were...
by Phyllis Rockower | Dec 6, 2012 | Housing News
This was for the 3rd quarter of 2011 and was 1%less than the 2nd quarter. Short sales outnumbered bank foreclosures for the first time. Reos increased 1% from the 2nd quarter but were down 20% from a year ago. Read the...
by Phyllis Rockower | Sep 11, 2012 | Housing News
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...
by Phyllis Rockower | Aug 30, 2012 | Housing News, L.A. Times Real Estate, Real Estate News
Ca entered into an agreement with the top 5 banks to give more loan mods in return for end robo signing investigations. The banks are: 1. Bank of America 2. Chase 3. Citigroup 4, Ally 5. Wells Fargo The banks get financial credit for doing short sales and loan mods....
