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?
Not even the super wealthy will be immune to foreclosures as short sales set to surge this year.
Examining the best and worst of short sale lenders from 2011 with the hopes that they will all be on the “good” list for 2012.
Short sales may seem like the quick answer to resolving the housing market crisis, but it takes more than a willing seller to play ball.
“The mortgage without surprises” comes with plenty of surprises when homeowners find themselves having difficulties making payments.
After Governor Jerry Brown signed SB 458 into law, the hopefulness turned into helplessness for many homeowners pursuing short sale as a foreclosure alternative.
Not only are mortgage industry giants Freddie Mac and Fannie Mae household names, they own most of the households in the country. So why are they the least likely to help homeowners in need of a short sale?
Californis Association of Realtors® makes recommendations to lenders urging for more action.
The consequences of Senate Bill 458 are hitting the real estate market in a very bad way.
