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Bankrate Mortgages- Mortgage delinquencies dropBanks are initiating with fewer foreclosures, but still struggling with a backlog. […]
- $30K short sale incentiveBank of America is offering to pay delinquent homeowners up to $30,000 if they sell their homes through short sale. […]
- Who gets Fannie Mae’s profit?Fannie Mae and Freddie Mac are finally turning a profit. So will homeowners benefit? […]
- More refi help on the wayCongress needs to remove barriers to allow borrowers to refinance and it must act quickly, says HUD Secretary Shaun Donovan. […]
- BofA’s mortgage giveawayIf your mortgage is owned by Bank of America, you may get a pleasant surprise in the mail in the next few days. […]
- Mortgage delinquencies drop
Tag Archives: loan modification assistance
Will I Wipe Out The Debt When I Short Sale?
The Stop Foreclosure Institute recently received a question from Kevin. Here was his question. “I am upside down on my house. I owe over 700k and I have been told that it is now worth under 400k. I just hate … Continue reading
How To Get A Short Sale Approved In 90 Days Or Less
Most agents complain about how short sales drag out for months at a time. Another agent once told me, “I hate short sales. They take 9-12 months to complete. The banks never call you back to let you know what … Continue reading
Short Sales: How Does A Deed In Lieu Affect My Credit?
The Stop Foreclosure Institute recently received a question from Jon. Here was his question. “I am behind on my payments and my bank recently started the foreclosure process. I received something in the mail about a “deed in lieu of … Continue reading