Archive for » November, 2011 «

Short Sales are getting Shorter

Carlsbad Real Estate Website Time may be running out! Agents around town have been talking about how they are getting short sales done in faster time. This may be a chance for you avoid foreclosure and reduce the damage to your credit. When your done waiting for the loan modification that will never come, call me and I will help you short sale your Carlsbad house.    

Report: Bank of America Plans 60-70% Increase in Short Sales Next Year

Recently, CDPE author and Charfen Institute CEO Alex Charfen hosted an exclusive broadcast with Bob Hora, Senior Vice President of Mortgage Servicing at Bank of America Home Loans. Bob Hora provided insight into Bank of America’s evolving approach to managing their distressed mortgage portfolio, which includes plans to increase short sales by as much as [...]

By: Getting Loan Modification Advice : This News Is Important – TNII.net

[...] asking for a loan modification to my bank BoA (or from any bank) will it affect the credit history?What is a Loan Modification and Who Qualifies for One?What is a Loan Modification and Who Qualifies for [...]

Short sales outpace foreclosures as Bank of America, Chase, Wells offer cash incentives

Our CEO Alex Charfen is quoted in a recent New York Post article on the growing popularity of short sales as a viable option for homeowners who are underwater on their mortgages. The article references major lenders—including Bank of America, JPMorgan Chase and Wells Fargo—that are offering cash incentives at closing for distressed homeowners who [...]

Presidential Candidates Blasted for Views on Housing

  (Photo courtesy of IowaPolitics.com) In a recent blog post, CNBC’s Diana Olick slams the Republican presidential candidates’ plans for solving the nation’s housing crisis. Political beliefs aside, Olick makes some astute observations regarding the bank’s preferences for short sales over foreclosures and the important role that Fannie Mae and Freddie Mac play in keeping [...]

National Mortgage Loan Delinquency Rate Increases; CDPEs needed now more than ever

From 2009 until now, the national mortgage delinquency rate trended downward. However, according to a TransUnion press release, the national mortgage delinquency rate increased between the second and third quarters, rising from 5.82 percent to 5.88 percent. Every state save 10 experienced an increase, with Florida, Nevada, Arizona and New Jersey experiencing the highest rates. [...]

Why Use a Seller’s Attorney in a Short Sale?

We strongly suggest that the Seller use his/her own closing attorney for a short sale. Our firm requires it if we are facilitating the short sale. Why? Well, if the Seller docs are prepared by the Buyer’s closing attorney, as is usually done in a real estate closing in North Carolina, the Seller ends up [...]