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?
As if homeowners weren’t under enough duress, they now have to contend with the very real possibility of their loan being sold off in what is best described as a fire sale!
In reviewing the articles that I have written in the past I discovered that while I often mentioned a certain tag line, I never really went into depth about why I believe it. So in this article I intended to explain in full light why “Loan Modifications Don’t Work!”
With short sale’s becoming increasingly dominant in today’s market, short sale fraud has also been on the rise according to experts who spoke at the California Association of Realtors Conference in Anaheim this year.
As more and more homeowners are enlightened about the pitfalls of Loan Modification, they are quickly turning to Short Sales as the best option for relief from their over-inflated mortgages and impending foreclosure sale dates. However in an industry as impacted as real estate how can a consumer determine the difference between an agent who […]
Southern California’s median home price climbed to a high not seen in more than four years even as sales plummeted. This is the latest sign that the housing market is becoming increasingly competitive, with fewer homes available for purchase.
As we approach the deadline to file a lawsuit against the “big” banks for their alleged fraudulent behavior and activity, with regards to their involvement in the housing market crash, we are starting to see a new round of promises for retribution from government “heads” across the country; but are the promises sincere or […]
Despite the economy still being depressed, current trends show that right now may be the correct time to get back into the real estate market.
Despite being a world class, gold medal Olympic swimmer Ryan Lochte still has to deal with the reality that many Americans face: Foreclosure
JohnHart Real Estate is now an approved “Chase Priority Partner”, what does that entail? Find out here!
