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Entries Tagged as 'negotiating short sales'

Bank reports point to a healing housing market

April 17th, 2012 · No Comments · Commercial Loans, Foreclosure, News, Real Estate Law, Uncategorized

Tweet By The Associated Press   “Earnings reports from two major banks Friday painted a picture of a healing housing market, with more Americans taking out mortgages, paying them on time and taking advantage of low interest rates to refinance. At JPMorgan Chase, the biggest bank in the United States, income from new home loans set [...]

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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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Pasco foreclosure court clearing the legal rubble

December 17th, 2010 · No Comments · Uncategorized

Tweet By KEVIN WIATROWSKI | The Tampa Tribune “NEW PORT RICHEY – Peter Atkins gambled on the recent housing boom and lost. Back in 2007, the cabinet maker borrowed against his home in the Nature’s Hideaway community off Seven Springs Boulevard. He bought three investment properties – one “a real junker” – with plans to fix [...]

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Florida gets $1 billion in foreclosure prevention aid

October 27th, 2010 · 1 Comment · Foreclosure, News

Tweet By: Paul Owers | Sun Sentinel “The federal government has earmarked more than $1 billion for foreclosure-prevention assistance in Florida, but the aid won’t be available statewide until next year. Florida housing officials said Wednesday they’re starting a pilot program in Lee County next week to help borrowers who are unemployed or in jobs [...]

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Foreclosure-document mess growing, FBI now involved

October 23rd, 2010 · 1 Comment · Foreclosure, News, Real Estate Law

Tweet “Agency looking into whether industry has broken criminal laws” msnbc.com news services updated 10/20/2010 “WASHINGTON — The foreclosure-document crisis just keeps on growing, and now the FBI is getting into the fray. A federal law enforcement official told the Associated Press that the agency is in the initial stages of trying to determine whether the [...]

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Foreclosure procedures undergo extensive review

October 19th, 2010 · No Comments · Uncategorized

Tweet “By Stephanie Armour, USA TODAY Recent revelations about mortgage lenders filing possibly faulty court papers to foreclose on homes has sparked a public outcry and called into question tens of thousands of foreclosures. Here’s a look at the issue and its impact. Q: How did this come to light? A: Lawyers for homeowners fighting [...]

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List Of REO Property Links

October 14th, 2010 · No Comments · Short Sales

Tweet Below are a list of REO Property links used for research purposes: Fannie Mae REO: http://www.homepath.com/ Bank of America REO: http://bankofamerica.reo.com/search/propertysearch.aspx Countrywide REO: http://bankofamerica.reo.com/ HSBC REO: http://www.us.hsbc.com/1/2/3/personal/home-loans/properties OneWest Bank / IndyMac Bank REO: http://apps.indymacbank.com/individuals/realestate/search.asp Ocwen Financial REO: http://www.ocwen.com/reo/home.cfm JP Morgan Chase Bank REO: http://mortgage.chase.com/pages/other/co_properties_landing.jsp M&T Bank REO: http://services.mandtbank.com/personal/bank_owned_prop.cfm Wells Fargo REO: http://www.pasreo.com/pasreo/public/propertySearch.do Washington Mutual [...]

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Banks Foreclosing on Active Military Members—Part 2

October 8th, 2010 · No Comments · Uncategorized

Tweet Washington, in its typical fashion, is just now realizing there might be a problem. No one wants to officially come out and say there’s a problem because he or she might have to foot part of the blame. Congress only “sees” a problem once it has practically reached epidemic proportions. And lest you think [...]

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DON’T BELIEVE YOUR LENDER IF THEY TELL YOU NOT TO WORRY ABOUT A FORECLOSURE!!!

July 14th, 2010 · No Comments · Foreclosure, Short Sales, Uncategorized

Tweet This week alone I have had 3 clients come into my office who where either already in a loan modification trial period with their lender, or were waiting to hear back from their lender about the status of their loan modification application, when they were served with a foreclosure complaint.  All three of these clients immediately called their [...]

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A Word of Advice For Buyers Looking to Buy a “Short Sale”

July 9th, 2010 · No Comments · Foreclosure, loan modification, Short Sales, Uncategorized

Tweet Short sales in Pinellas County Florida currently make up approximately 50% of residential real estate transactions.  As short sale purchase can be a opportunity for a buyer to acquire property at its true fair market value, i.e., what it is really worth in today’s market, not what it was worth back in 2004, 2005 [...]

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