Archive for the Category »Banks «
15
May 2012
May 2012
NEW YORK (CNNMoney) — Bank of America is offering some struggling homeowners payments of up to $30,000 if they sell their homes in a short sale and avoid ending up in foreclosure. Under the plan, Bank of America (BAC, Fortune 500) will offer homeowners so-called relocation payments of between $2,500 and $30,000 if they sell [...]
04
May 2012
May 2012
Tech banker leaves BofA. FORTUNE — Johnny Williams has stepped down as a managing director of equity capital markets with Bank of America Merrill Lynch (BAC), where he co-led the firm’s technology, media and cleantech practice, Fortune has learned. Williams had been based out of Palo Alto, originally joining Merrill Lynch’s San Francisco office in [...]
Category: Bank of America, Short Sale News
Tags: Archive, BofA, Breaking News, DSNEWS FEED, Free Info, mortgage tech, Short Sale Info, Technology
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02
May 2012
May 2012
(Yahoo Daily Ticker) — Nearly four years after U.S. taxpayers bailed out Wall Street, the debate over how to deal with America’s too big to fail banks rages on. One very outspoken critic of TBTF banks has been Dallas Fed President Richard Fisher. “The TBTF institutions that amplified and prolonged the recent financial crisis remain [...]
01
May 2012
May 2012
(Reuters) – Bank of America Corp (BAC.N) is planning to cut up to 400 jobs in its investment banking, corporate banking, and sales and trading units, the Wall Street Journal reported, citing people familiar with the situation. An expected sale of the bank’s non-U.S. wealth-management operations in Asia, Latin America and Europe would eliminate up [...]
30
Apr 2012
Apr 2012
(Reuters) – Bank of America Corp (BAC.N) directors rejected allegations by unhappy shareholders that their proposed $20 million settlement of litigation over the purchase of Merrill Lynch & Co was made “on the cheap” and was the product of collusion. The accord would resolve a New York lawsuit claiming the bank’s board, including former Chief [...]
27
Apr 2012
Apr 2012
(Wall Street Journal) — A new development is catching home buyers off guard as the spring sales season gets under way: Bidding wars are back. From California to Florida, many buyers are increasingly competing for the same house. Unlike the bidding wars that typified the go-go years and largely reflected surging sales, today’s are a [...]
Category: Banks, Short Sale News
Tags: agents, Archive, bidding wars, Breaking News, brokers, DSNEWS FEED, Free Info, lenders, Real Estate, real estate buyers, realtors, Sellers, Short Sale Info
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26
Apr 2012
Apr 2012
Energy team signals company’s strong commitment to growing industry HOUSTON, Texas (April 26, 2012)—Two of the region’s top energy bankers have joined the Hancock Holding Company (Nasdaq: HBHC) financial services organization, which includes century-old Gulf South institutions Whitney Bank and Hancock Bank. Senior Vice President and Managing Director of the Energy Division Donovan Broussard and [...]
Category: Banks, Short Sale News
Tags: Archive, DSNEWS FEED, Free Info, lenders, Real Estate, Short Sale Info, Uncategorized
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06
Apr 2012
Apr 2012
On April 2, Bank of America announced the latest round of changes to their short sale process. The changes, aimed at streamlining and expediting the process, include new requirements for initiating a short sale and changes to Equator. Beginning April 13, 2012, Bank of America will require the following five forms to be submitted to [...]
04
Apr 2012
Apr 2012
Last month, Bank of America announced a pilot program that will provide some distressed property homeowners with a new foreclosure alternative. This new “Mortgage to Lease” program will allow homeowners facing foreclosure to remain in their homes by converting from home ownership to rental. In this program, participating homeowners will transfer their home titles to [...]
Category: Bank of America, Foreclosures, Short Sale News
Tags: Alex Charfen, BOA, CDPE, certified distressed property expert, Charfen Institute, distressed properties, distressed property, DSNEWS FEED, foreclosure, Free Info, homeowner, In The Media, investors, real estate market, Short Sale, Short Sale Info, short sales, underwater mortgages
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22
Mar 2012
Mar 2012
ATTENTION Agents! In October’s CDPE Industry Broadcast with Bob Hora, SVP Mortgage Servicing Executive at Bank of America Home Loans, Hora affirmed Bank of America’s commitment to streamlining their short sale process. In keeping with this commitment, Bank of America is simplifying their third-party authorization process for short sales. On March 20, Bank of America [...]
Category: Bank of America, Foreclosures, Short Sale News
Tags: Alex Charfen, BOA, CDPE, certified distressed property expert, Charfen Institute, distressed properties, distressed property, DSNEWS FEED, foreclosure, Free Info, homeowner, Industry, Short Sale, Short Sale Info, short sales
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18
Jan 2012
Jan 2012
There’s both good news and bad news on the foreclosure front. The good news? According to RealtyTrac’s Year-End 2011 U.S. Foreclosure Market Report™, total U.S. foreclosure activity and the foreclosure rate were both at their lowest annual level since 2007. The bad news? Foreclosure levels were artificially lowered due to delays following the robo-signing scandal. [...]
Category: Bank of America, Foreclosures, Short Sale News
Tags: BOA, CDPE, certified distressed property expert, Charfen Institute, distressed properties, distressed property, Distressed Property Institute, DSNEWS FEED, foreclosure, Free Info, government, Industry, real estate market, realtytrac, Robo Signing, scandal, Short Sale, Short Sale Info, short sales
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11
Jan 2012
Jan 2012
In an effort to shorten overall cycle times, Bank of America has reduced the window for submitting a backup offer on a short sale from 14 days to eight days after the initial offer becomes invalid. Once a backup offer becomes necessary: Contact your short sale specialist immediately to let him or her know you [...]
07
Dec 2011
Dec 2011
In an effort to reduce cycle time and improve customer service, Bank of America (BOA) announced several changes to their Home Affordable Foreclosure Alternatives (HAFA) short sale process, which agents should be aware of. Highlights include: When a short sale is submitted with an offer and the homeowner is HAFA eligible, BOA will no longer [...]
22
Nov 2011
Nov 2011
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 [...]
18
Nov 2011
Nov 2011
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 [...]
Category: Bank of America, Foreclosures, Short Sale News
Tags: Alex Charfen, BOA, cash incentive, CDPE, distressed properties, distressed property, DSNEWS FEED, foreclosure, Free Info, In The Media, Industry, JPMorgan Chase, lenders, real estate market, Short Sale, Short Sale Info, short sales, underwater mortgages, Wells Fargo
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07
Oct 2011
Oct 2011
Courtesy of The Palm Beach Post, comes some fresh news for Florida, offering up to $20,000 to short sale vs. foreclosure. The limited time offer has received little promotion from the Charlotte, N.C.-based bank, which sent emails to select Florida Realtors earlier this week outlining basic details of the plan. Only homeowners whose short sales [...]
Category: Bank of America, Short Sale News
Tags: BofA, DSNEWS FEED, florida, foreclosure, Free Info, Market News, reo, Short Sale, Short Sale Info, short sales
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06
May 2011
May 2011
Another Homeowner Avoids Foreclosure
We just closed another short sale in Oceanside California!
Amazingly, our client asked that we tell her story and share it with other people in her situation.
About 18 months ago our client and her husband experienced a medical hardship, and after exhausting their savings , they found themselves unable to make their mortgage payments. Once they could no longer make the payments they decided to call the lender and ask for help. Time and time [ ... ]
01
Apr 2011
Apr 2011
If you have a short sale with Bank of America and your lose the buyer, guess what, you are starting over! I would like to know why this is the case. I am beginning to wonder if they are only looking to extend the process as long as possible.
Do they collect fees for every month they are ‘mitigating loss’ ?
It would seem that way, because the only lenders that move for a quick resolution are those that are servicing their own money? I wonder what investors have to say about this.
If you know something about this subject [ ... ]
Category: Bank of America
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17
Jan 2011
Jan 2011
Well, 2011 sure is off to a heck of a start, isn’t it? As we predicted here over and over again, the short sale marketplace is going to continue to be an important part of the still-stagnant housing recovery for the foreseeable future. So if you aren’t up to par on what you are doing, [...]
Category: Banks, Short Sale News
Tags: DSNEWS FEED, forecast, Free Info, lenders, loss mitigation, Market News, Short Sale, Short Sale Info, short sales, volume
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17
Nov 2010
Nov 2010
Foreclosure activity increased 65 percent nationwide year-over-year, according to RealtyTrac’s Q3 2010 Metropolitan Foreclosure Market Report. The report showed that cities in California, Florida, Nevada, and Arizona once again accounted for all top 10 foreclosure rates in the third quarter among metropolitan areas with a population of 200,000 or more, while cities outside those four states accounted for many of the biggest increases in metro foreclosure activity. California, Florida, Nevada, and Arizona cities also accounted for 19 of the top 20 metro foreclosure rates.
With one in every 36 housing units receiving a foreclosure filing during the third quarter, Modesto, Calif., [ ... ]
Category: Banks, Michael-Edward Cruz, News, Orange County, Riverside County, San Clemente Talega, San Diego County, Short Sale News, Temecula
Tags: Aviara, Bressi Ranch, Carlsbad Real Estate, Carlsbad Short Sales, Encinitas Real Estate, Find a certified short sale agent, Find Short Sale, La Costa, North San Diego Real Estate, San Clemente Real Estate, San Clemente Short Sales, San Marcos Real Estate, South Orange County Real Estate, South Riverside County Real Estate, Talega, The Reserve, www.mikerebroker.com
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15
Nov 2010
Nov 2010
By Scott Dickensheets
Monday, Nov. 15, 2010 | 2 a.m.
In 2004, two years before I bought my house, a website urged real estate investors thusly: “It is important that investors make their investments as soon as possible. This is because Las Vegas is growing and expanding at a scorching pace.”
In 2005, one year before I bought my house, Ken Jones of something called the Institute of Real Estate Technologies was — in a document on greatlasvegashomes.com — dismissing fears of a bursting real estate bubble: “However, there is no rationale or fact-based reasoning being put forth to support this fear; just that [ ... ]
Category: Bank of America, Banks, Home Buyers, Michael-Edward Cruz, Orange County, Riverside County, San Clemente Talega, San Diego County, Short Sale News, Temecula
Tags: Aviara, Carlsbad, Carlsbad Short Sale Experts, Dana Point Short Sale Experts, Expert Real Estate Services, Find a certified short sale agent, Free Consultation for Short Sale, Michael-Edward Cruz, News, no equity, Real Estate bubble, San Clemente Short Sale Experts, Top Real Estate Agent in, top short sale agent
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19
Oct 2010
Oct 2010
29
Sep 2010
Sep 2010
Click on the home to get more information of this fantastic property!
28
Sep 2010
Sep 2010
Foreclosures are on the rise, now that banks are tired of pretending to modify loans. Lenders finally start to release this inventory. Now that summer is over, they are looking to get rid of as many properties are possible.
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If you or someone you know is thinking about short selling their home or buying a new one call the best today.
Michael-Edward Cruz
Broker License 01758933′
800-374-9110 Ext.1
16
Sep 2010
Sep 2010
Category: Banks
Tags: Alternatives to Foreclosure, Alternatives to Foreclosure Avoid Foreclosure Buy Short Sale Carlsbad Short Sale Experts Dana Point Short Sale Experts Expert Free Consultation for Short Sale Free Foreclosure Avoidance Free Short Sal, Avoid Foreclosure, Buy Short Sale, Carlsbad, Carlsbad Short Sale Experts, Expert, Free Consultation for Short Sale, Free Foreclosure Avoidance, San Clemente Short Sale Experts, Sell my home, Top Real Estate Agent in
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17
Feb 2010
Feb 2010
by Michael-Edward Cruz – California Real Estate Broker 951-572-2789
I found a promising article detailing how some lenders are beginning to shift their focus from foreclosure to short sales. Unfortunately I could not link to it on my blog due to copyright laws.
Some Lenders are now considering short sales as a real solution. AFTER the mass foreclosures in 2007 – 2008, AFTER the disaster in modifications in 2009, they might finally be listening to us.
I can’t really complain though. Before I worked for this team lead by Troy Huerta, 2 out 3 of my deals foreclosed! I was a typical [ ... ]
Category: Banks, February 2010 Short Sale News, Short Sale News
Tags: Alternatives to Foreclosure, Avoid Foreclosure, Bank of America, Banks, Carlsbad Short Sale Experts, Citi bank, credit cards, Dana Point Short Sale Experts, Expert Real Estate Services, Free Consultation for Short Sale, Free Foreclosure Avoidance, Free Short Sale Help, hell, Laguna Niguel Short Sale Experts, loan mofidication, Michael-Edward Cruz, Murrieta Short Sale Experts, Oceanside Short Sale Experts, Real Estate Expert, Redhawk Short Sale Experts, San Clemente Short Sale Experts, Save my credit, Sell my home, Short Sale Experts, Temecula Short Sale Experts, Top Real Estate Agent in, Troy Huerta
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13
Feb 2010
Feb 2010
from pablos77 at msn.com forum
They posted the following
” I started to get a mod from Citi in March of 09. The first two slimes told me that if I was current on the payments they wouldn’t work with me. I couldn’t believe they would tell me that so after the first one I recorded all my calls. The second time I talked to the 2nd slime that I had originally talked to she said she would NEVER have told me not to stop my payments and the best way to avoid foreclosure was to get caught up [ ... ]
Category: Banks, Loan Modification
Tags: Alternatives to Foreclosure, Avoid Foreclosure, Bank of America, Banks, Carlsbad Short Sale Experts, Citi bank, credit cards, Dana Point Short Sale Experts, Expert Real Estate Services, Free Consultation for Short Sale, Free Foreclosure Avoidance, Free Short Sale Help, hell, Laguna Niguel Short Sale Experts, loan mofidication, Michael-Edward Cruz, Murrieta Short Sale Experts, Oceanside Short Sale Experts, Real Estate Expert, Redhawk Short Sale Experts, San Clemente Short Sale Experts, Save my credit, Sell my home, Short Sale Experts, Temecula Short Sale Experts, Top Real Estate Agent in, Troy Huerta
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10
Feb 2010
Feb 2010
We found this very interesting article about loan modifications and lenders.
http://www.msnbc.msn.com/id/35062033/ns/business-answer_desk//
For help with your short sale call us
North San Diego County
Troy Huerta
760-420-5498
http://lenderhelpinc.com/
South Riverside
Tiffany Ayres
http://livinginharveston.com/
South Orange County
Michael-Edward Cruz
949-630-9743
http://shortsalemc.com/
