Short SalesHi Everyone,
Here’s the follow up from today’s class.
Here’s a link to the home page of Calculated Risk, which I consider to be the best finance and economics blog on the web today. Here’s CR’s post on delinquency statistics. A couple of students requested a link to the article on the Pay Option ARM Resets and the [...]
Hi Everyone,
Here’s the follow up from today’s class.
Here’s a link to the DFI website, the regulator overseeing independent escrow companies.
Here’s a link to the Freddie Mac page on their website describing Short Sale Fraud (ABC transactions.)
Here’s a link to the Making Home Affordable website where you can check to see if a home loan is [...]
Hi Everyone,
Here’s the follow up Q&As from our Short Sale class:
Here’s a link to the Washington State website with a list of all the housing counseling agencies.
Here’s Ken Harney’s article on credit scores. And here’s Ardell’s blog post as a follow up. She has the nice visual graph for you. There was also an article [...]
Hi Everyone,
Here’s the follow up from the Short Sale class last Thursday.
Here’s the link to the Making Home Affordable government website for a homeowner to see whether or not they qualify for the Obama Administration’s foreclosure mitigation options.
Here’s Ken Harney’s article on credit scores. And here’s Ardell’s blog post as a follow up. She has [...]
Hi Everyone,
Here’s the follow up from today’s class. We spent several minutes reviewing the changes to the Home Affordable Modification Program that were announced by the Treasury this morning.
Here’s the HAMP Fact sheet.
Here’s a nice summary post from my favorite econ and finance blogger, CalculatedRisk.
Here’s a link to the Making Home Affordable start page.
I’ve written a [...]
Hi Everyone,
Here’s the follow up from Friday’s fun Short Sale class:
Here are two articles on how credit scores are effected by short sale v. foreclosure v. bankruptcy. First, here’s Ken Harney’s article and here’s Ardell’s follow up on the blog RCG.
Here are links to the two trustees that process the majority of foreclosures in WA [...]
Hi Everyone,
Here’s the follow up from class.
There was a request for recent delinquency stats. These numbers appear in four different posts:
Option ARM Recast/Reset Update but what about prime loans? Here you go:
We should also check on the re-default rate of loan mods and the HAMP program.
Here’s the latest report from TransUnion showing delinquencies over 10%.
Jumbos aren’t [...]
Interview questions before real estate agent, buyers, or seller decide to work with a “third party short sale negotiator”
1. How long have you been in the “short sale negotiation” business (working with a real estate or LO license without the specific focus on short sales does not count.)
2. How many short sales have you successfully negotiated/closed?
3. What is your [...]
I received a call the other day from a consumer who was in the process of purchasing a short sale home. The homeowner has defaulted on her mortgage and the trustee sale auction has been postponed a few times now that this buyer’s firm offer has finally reached the lender’s loss mitigation decision-maker. Once the [...]
This is a new term I heard in class from my real estate agent students. It describes a home buyer shopping for a move-up home; a nicer home in a nicer neighborhood. The buyer has an existing home and the home’s value has dropped so far that in order to sell, they would have to go through [...]
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