When Tom Barrack lost the bid for the Los Angeles Dodgers baseball team, he decided to a leap into one of his largest bulk foreclosure purchases. With contacts high above in the real estate industry, Barrack reached out to Fannie Mae and bid on their bulk for a $176,000,000 purchase.
Tag: Freddie Mac
Keep Your Home California (Read the Fine Print)
The federally funded ‘Keep Your Home California’ Program will soon begin efforts to help distressed homeowners. The federal agency that oversees Fannie Mae and Freddie Mac has hesitated to approve the program passing yet sees this as a way to provide a sustainable mortgage payments.
Guess Who Is Betting Big On Short Sales? The Government!!
Earlier this week, the FHFA (Federal Housing Finance Agency) managed to get a set of new “short sale guidelines” passed by Fannie Mae, Freddie Mac, and the Mortgage Insurers with which they work. While this is great news on the surface, what does it really mean to distressed homeowners?
Short Sale Help: Time to Sell Before Your Time Expires!!!
2007 Mortgage Debt Relief Forgiveness Act expiring at the end of 2012, is it too late for a short sale?
Loan Modification vs. Short Sale
Are you winning the fight but losing the battle?
Short Sale or Foreclosure?
Many homeowners are finding themselves in dire straights. More specifically they are finding themselves having to choose between foreclosure or short sale. So which is the right choice for distressed homeowners in today’s market?
Multi-Million Dollar Foreclosure in Southern California!
Not even the super wealthy will be immune to foreclosures as short sales set to surge this year.
Fannie Mae’s CEO Michael Williams to Step Down
In a shocking turn of events Michael Williams, the current CEO of Fannie Mae, has announced that he will be stepping down from his post.
The Fed Wants You To Buy Real Estate
The Federal Reserve is going to unprecedented lengths to shore up the housing market, and in their latest announcement it seems that they want to spend more Taxpayer money to do so!