From the monthly archives: February 2012
Take a look at this great video talking about strategic default, short sales, and foreclosure.
Continue Reading →I speak with a handful of homeowners every week who are facing foreclosure or who are considering a short sale. There is a common misconception in regard to short sales/foreclosure. The general public feels the banks HAVE to do this or are required to GIVE that. At the end of the day, that is just [...]
Continue Reading →There has been a ton of talk about the new HARP 2.0 program. Please remember that not all mortgage servicers are participating. You have to check with your mortgage company to see if they are.
You should also contact Fannie Mae or Freddie Mac for help determining whether you qualify or not.
Program end [...]
Continue Reading →What are the qualifications for HARP?
Great question!
You may be eligible for HARP if you meet all of the following criteria:
The mortgage must be owned or guaranteed by Freddie Mac or Fannie Mae. The mortgage must have been sold to Fannie Mae or Freddie Mac on or before May 31, 2009. The mortgage [...]
Continue Reading →During the short sale process, the short sale lender will always want to try and decipher what “market value” is. They do this to determine whether they will net more money with a short sale or a foreclosure. They essentailly use this market value number as a basis for all of their calculations.
So, how [...]
Continue Reading →Take a look at this three minute video. It breaks down how a short sale in Arizona works and goes into some of the basics.
If you have any short sale questions, please don’t hesitate to call or email us. As always you are free to browse all of our [...]
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