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Entries Tagged as 'Short Sales'

Tougher requirements start Monday for FHA mortgages

May 7th, 2012 · No Comments · Foreclosure, News, Short Sales, Uncategorized

Tweet By Mark Puente, Times Staff Writer   “It’s going to be tougher to get a government-backed mortgage on Monday. Next week, home buyers with ongoing credit disputes over $1,000 will no longer be approved for a mortgage backed by the Federal Housing Administration. Buyers with collection accounts will either have to pay the debt off [...]

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Potential Mortgage Fraud

May 7th, 2012 · No Comments · Foreclosure, loan modification, News, Short Sales, Uncategorized

Tweet Posted by Robert Trigaux | tampabay.com   “Wake up and good morning. Florida and Tampa Bay are hardly strangers to mortgage fraud. But the latest federal report on mortgage fraud suggests Hillsborough County leads the way nationwide in potential mortgage fraud, a disturbing No. 1 status given the hype and promise from mortgage fraud “task forces” [...]

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Bank of America puts system in place to fast-track short sales

April 30th, 2012 · No Comments · Foreclosure, loan modification, News, Real Estate Law, Short Sales, Uncategorized

Tweet By Eric Sollman, Reporter | baynews9.com   “Bank of America wants to help speed up the process of selling thousands of homes facing foreclosure. The bank wants to get someone in those homes in 20 days through short sales. Marcia Goldstein just went through the short sale process through her realtor and Bank of America. [...]

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Why BofA’s latest plan is drawing little protest

March 30th, 2012 · No Comments · Foreclosure, Litigation, loan modification, News, Real Estate Law, Short Sales, Uncategorized

Tweet By Eve Tahmincioglu | msnbc.com   “Doesn’t it feel like Bank of America has finally broken us? Plagued with lawsuits and settlements; uproars over fee hikes; and a recent scathing article in Rolling Stone calling it “moronic and corrupt,” you would think the nation’s biggest bank would be put under asynchrotron, the world’s biggest microscope, by [...]

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A Winding Path To Foreclosure: Graph

March 26th, 2012 · No Comments · Commercial Loans, Foreclosure, Litigation, loan modification, News, Real Estate Law, Short Sales, Uncategorized

Tweet   Where it began: 1999… Click here:  A Winding Path To Foreclosure: Graph

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Recovery? Trying to draw meaning from the chaos of new housing news in Florida

March 12th, 2012 · No Comments · Foreclosure, loan modification, News, Real Estate Law, Short Sales, Uncategorized

Tweet By: Robert Trigaux, Business Columnist | Tampa Bay Times “Wake up and good morning. So is the Tampa Bay and Florida housing market at a bottom and really ready to start improving? The crystal ball remains murky but there’s no lack of housing activity on both sides of the equation to ponder. For openers: *  Homebuilder Newland Communities [...]

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Some of Obama’s mortgage refinancing proposals will bypass Congress

February 27th, 2012 · No Comments · Foreclosure, Litigation, loan modification, News, Real Estate Law, Short Sales, Uncategorized

Tweet By Kenneth R. Harney |  tampabay.com   “Primer on proposed refinancing package WASHINGTON — Though it was pronounced dead-before-arrival by opponents on Capitol Hill, President Barack Obama’s new mortgage refinancing package contained far more than legislative proposals. Significant portions of it that have received little media coverage require no prior approval from a hyperpartisan [...]

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Finding a place to live after losing your home

February 27th, 2012 · No Comments · Foreclosure, loan modification, News, Real Estate Law, Short Sales, Uncategorized

Tweet By Leonard Baron, Zillow   “If you are in the unfortunate financial position where you are losing your home due to foreclosure or short sale, your credit score is probably going to take a pretty hard hit. In “normal times,” this could make it really tough to rent your next place of residence. Luckily, these are [...]

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So far, only 60 take up Bank of America on short sale incentive

January 31st, 2012 · No Comments · Commercial Loans, Foreclosure, Litigation, loan modification, News, Real Estate Law, Short Sales, Uncategorized

Tweet By Mark Puente, Times Staff Writer   “Only 60 Floridians have received cash from a Bank of America program that pays up to $20,000 to homeowners who sell distressed properties in a short sale. The lender still expects thousands more in the Sunshine State to collect the money before the pilot program ends in August. [...]

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Foreclosures keep pushing house prices lower

January 30th, 2012 · No Comments · Foreclosure, loan modification, News, Real Estate Law, Short Sales, Uncategorized

Tweet By John W. Schoen, Senior Producer   “The ongoing wave of foreclosures continues to drag home prices lower. Foreclosure-related properties, which made up roughly one in five home sales in the third quarter of  last year, sold for an average 34 percent less than homes that were not  “distressed sales,” according to the latest [...]

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