Monday, May 23, 2011

Another means of help towards keeping your home ...

I've mentioned this website before but you rally need to look through it and investigate all the options that may be available. Don't just scan it, read through all th menu items thoroughly ... You can trust me that you'ee never regret a little reading if it saves your home or puts some cash in your pocket

Keep the faith!

Thursday, May 19, 2011

Why are short sales so long and drawn out?

Why are short sales so long and drawn out? This is a question that many ask but no answers seem to be forthcoming. Here's the latest:,0,1753173.column

Keep the faith!

Wednesday, May 11, 2011

Legislation Introduced For 45-day Short Sale Decision

Last month, Representatives Tom Rooney (R-FL) and Robert Andrews (D-NJ) introduced H.R. 1498, the "Prompt Decision for Qualification of Short Sale Act of 2011". This legislation makes it mandatory for mortgage servicers to reply to a short sale application within 45 days of submission. If the servicer fails to provide a decision to the short sale applicant within that time period, the application is deemed approved. NAR has heard from many of our members nationwide that the length of time for a decision on a short sale application remains a significant impediment for this foreclosure mitigation option. It is the NAR's hope that this legislation will not just shine a light on the short sales issue, but establish a mechanism for the development of an appropriate solution.

Sunday, May 1, 2011

Now hear this ....... and read the link

At some point in the process, your Lender is going to have a conversation with you about modifying your loan, whether you qualify or not. You can be sure that you will need to provide the Dodd-Frank certification in which you certify that you have not been convicted, within the last 10 years, of any one of the following: (A) felony larceny, theft, fraud, or forgery, (B) money laundering or (C) tax evasion.