Search San Diego County Foreclosures & Short Sales Short sale processing times are increasing once again as homeowners are rushing to meet the December 31st Mortgage Debt Relief Forgiveness Act. I have a short sale in process where the BPO (appraisal) was completed over 1 month ago. After speaking to upper level management Friday the… Read More
Bank Of America Short Sales
March 3, 2012 By Leave a Comment
Search San Diego County Foreclosures & Short Sales BofA will usually allow 8% or $6,000 to the JR lien (2nd Mortgage), whichever is less Download Here: Bank of America Short Sale Packet Download Here: FHA Bank of America Short Sale Packet Download Here: 3rd Party Authorization Form Bank of America Download Here: Borrower Acknowledgement Bank of America Download… Read More
Fannie Mae Short Sale Mortgage Insurance
February 5, 2012 By Leave a Comment
Search San Diego County Foreclosures & Short Sales Fannie Mae mortgage servicers have been given authority by PMI Group, Genworth, MGIC, RMI, and Radian mortgage insurers to give the green light on short sales without having to wait for their approval. This will definitely expedite the process of a short sale with Fannie insured loans. In the… Read More
San Diego Short Sale Information
September 27, 2011 By Leave a Comment
Short Sales Soar 2nd Quarter 2011
September 2, 2011 By Leave a Comment
The second quarter of 2011 U.S. Foreclosure Sales Report™ was released from Realty Trac. The sales of homes that were in some stage of foreclosure or bank owned accounted for 31 percent of all U.S. residential sales. Nationally is down from 36% in the first quarter of the year, but up 24% from the 2nd… Read More
California SB458 Law Short Sale Deficiencies Expanded
July 16, 2011 By 2 Comments
July 15th 2011 Senate Bill 458 was signed into effect by Governor Brown, prohibiting a deficiency after a short sale for primary residences of 1-4 units, regardless of whether the lender is in 1st, or 2nd and possibly even 3rd position. Lien holders can no longer require a borrower to owe or pay for a… Read More
HOA’s Foreclosing On Homeowners
July 13, 2011 By Leave a Comment
Around the country more homeowners’ associations (HOAs) are taking measures against home owners who have stopped paying their HOA fees. One in five communities are governed by an HOA. They are now pursueing their right to foreclose on residents who stop paying fees. “The treacherous part is that homeowners’ associations are acting like a local… Read More
Short Sale $20,000 Cash Back Incentive JP Morgan Chase
July 8, 2011 By Leave a Comment
Search San Diego County Foreclosures & Short Sales One of our clients received the following invitation in the mail: in the upper right hand corner it states Return Your Listing Agreement, Owe Nothing More On Your Mortgage and Get $20,000 Dear_____ Thank you for talking to us about how we can help you sell your… Read More
HAFA $3,000 Cash Back After Short Sale Government Incentive Program
June 19, 2011 By 2 Comments
Search San Diego County Foreclosures & Short Sales Home Affordable Foreclosure Alternatives (HAFA) provides up to $3,000 in Borrower Relocation Assistance to help you transition beyond a short sale or deed-in-lieu of foreclosure.Are you elligible? Contact me immediately to review your situation. Mortgage Insurance companies that participate are Genworth and MGIC. Joy Bender knows the… Read More
Short Sale Assistance In Orange County
June 1, 2011 By Leave a Comment
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