Good old Wells Fargo is up to their tricks again. Only this time, they may be playing with fire. If you haven’t already heard, Wells Fargo instituted a policy that went into effect on 5/1/12. From now on, they are refusing to waive any deficiency rights for their Freddie Mac short sales. This, despite the…
If you’re facing the very real possibility of losing your home to foreclosure, you’re interested in solutions to your financial tension. A quick Google search tells you that a Phoenix short sale might be an effective foreclosure avoidance solution for your situation. Even better, there seem to be a number of prolific Phoenix short sale…
Yep, no typos in the title of this blog post. FHLMC (Freddie Mac) is actually charging my Phoenix short sale client a $1.00 “processing fee” for his HAFA short sale. Trust me, I had to read the email several times, and even asked the negotiator at Lender Processing Services (handling the BofA HAFA short sale)…
If you’re deep underwater on your Bank of America mortgage, B of A’s new principal reduction program might be just the lifeline you need to avoid foreclosure. Like many of the possible housing and/or mortgage fixes out there, it’s not for everyone. Homeowners considering a Phoenix short sale should look at this program as a…
Are you behind on your mortgage payment and fighting a losing battle as you try to prevent foreclosure? Have you reached the conclusion that the battle is over, and that all that needs to be determined is how badly your credit will be injured in the process? If so, recent changes to the Home Affordable…
As a Phoenix short sale agent, I follow the goings-on of Fannie Mae pretty closely. I’m fascinated by the give and take of power, and the flow of big money to solve (or worsen) problems within the housing market. And Fannie Mae is in the middle of it all. Fannie Mae Has Sprung a Leak……
One question that comes up from our clients is, “Will you be marketing our home on the internet?”. Of course we do! I am a firm believer that EXPOSURE sells homes! We proudly syndicate all of our listings to 70+ real estate related websites, including “the big three” (Zillow, Trulia, and Realtor.com). Last week, I…
Homeowners facing serious financial difficulties often wind up losing their homes to foreclosure. Thanks to a 40 year-old anti-deficiency statute, lenders are prohibited from going after most homeowners who go through an Arizona foreclosure. Now the Arizona State Legislature is poised to expand these much-needed protections to underwater homeowners who choose to sell their homes…
The Mortgage Debt Relief Act of 2007 will expire on December 31, 2012. If you currently owe more on your home than it’s worth, you’re facing the possibility of losing your home to foreclosure or you’re thinking about a short sale as a possible solution to your personal Phoenix housing crisis, it’s crucial that you…
HARP 2.0 Refinance requirements, when they’re officially announced, will detail the specifics of the revamped HARP home refinancing program. This program, also know as the Obama Refinance Program, is due to roll out in March/2012. Rather than being seen as a negative, the changes to this critical housing program could provide certain desperate homeowners with…
