Short Sale Response Team

08/06/2012

Foreclosure Review Deadline extended to Dec. 31, 2012 http://www.bloomberg.com/news/2012-08-02/fed-occ-extend-foreclosure-review-deadline-to-dec-31-2012.html

The Federal Reserve and Office of the Comptroller of the Currency extended to the end of the year their deadline for borrowers to request a review of foreclosures that may have been mishandled.

05/23/2012

Bank of America announced that for a LIMITED-TIME, they will be offering enhanced relocation assistance payments in which qualified homeowners who initiate a short-sale without an offer could be eligible to receive $2,500 - $30,000* in relocation assistance. debt forgiveness for short sale balance is expiring at the end of the year without a sign of extension of the bill on the other side if not served a lis pendens at this time un-opposed foreclosure action tend to take about 18 months ....

05/23/2012

Guidance & attention to details is the hallmark that support the successful closings we handle
http://agbeat.com/residential/how-to-write-an-effective-email-to-the-short-sale-lender/

If you want to draw attention to a short sale file, have a legitimate reason to express concern, and remember that what you write could lead to either the success or the demise of your short sale transaction. That’s why it’s best to choose your words carefully. Don’t be a bully or a tattletale.

05/22/2012

http://www.dsnews.com/articles/attorney-fined-more-than-50000-for-frivolous-mers-lawsuits-2012-04-12

A Minneapolis-based attorney has been sanctioned by a federal judge for filing one, in what appears to be a series of nearly 30 lawsuits based on what the court says are frivolous show-me-the-note defenses designed to thwart foreclosure proceedings in Min

05/12/2012

http://www.marketwatch.com/story/realtorsr-praise-fhfa-for-issuing-short-sale-approval-guidance-2012-04-18

05/10/2012

http://www.miamiherald.com/2012/03/01/2667958/in-south-florida-short-sales-out.html

Sales of homes that are or have been in some stage of foreclosure accounted for over 26 percent of all 2011 home sales in South Florida, according to a report released Thursday by Irvine, Calif.-based real estate monitoring firm RealtyTrac.

04/20/2012

http://www.inman.com/news/2012/04/18/fannie-freddie-accelerating-short-sales

Loan servicers must make decision in 30 days -- unless they need 60. Fannie Mae and Freddie Mac will require loan servicers who need more than 30 days to make a decision on a short-sale offer to provide weekly status updates and give a thumbs-up or thumbs-down no later than 60 days after receivin...

03/12/2012

Check with us about the new program from Bank of America
http://www.washingtonpost.com/business/bank-of-america-to-reduce-mortgage-principal-for-200000-underwater-homeowners/2012/03/09/gIQAgs4H1R_story.html

NEW YORK — Bank of America is providing mortgage relief to about 200,000 homeowners.

03/06/2012

For once, now might be a good time to have a Bank of America home loan. Under the $25 billion foreclosure settlement signed last month, Bank of America will offer to write down the loans of more than 200,000 underwater homeowners to market value, said Shaun Donovan, the Secretary of Housing and Urba...

03/02/2012

Don't wait call today to start your short sale solution http://www.housingwire.com/article/florida-house-passes-bill-speed-foreclosures?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+housingwire%2FuOVI+%28HousingWire%29

In April 2008, a story in the Las Vegas Sun said Attorney General Catherine Cortez Masto "avoided big fights and powerful enemies … pursues popular initiatives with little fanfare, head down, studying, avoiding conflict."

01/04/2012

Investors in bad Bank of America loans won an $8.5 billion settlement Wednesday. Homeowners on the other end of those loans have less to cheer about. By John W Schoen.

11/02/2011

IMPORTANT NEWS !!
http://www.washingtonpost.com/business/economy/4-million-borrowers-eligible-for-foreclosure-review/2011/11/01/gIQAG6KadM_story.html

More than 4 million borrowers who have faced foreclosure since early 2009 will have the chance to have their cases reviewed for potential wrongdoing, regulators and mortgage servicers said.