Yesterday, California Governor, Jerry Brown, signed the California Homeowner Bill of Rights into law. While this a California specific law, it has implications for agents and homeowners across the nation, as often California law can influence other states’ laws. This law doesn’t go into effect until January 2013, but you can bet it will begin [...]

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30-60 Day Fannie/Freddie Approvals? Second liens STILL killing deals?
1) As you probably heard a couple of months ago, because of pressure from the FHFA that oversees Fannie and Freddie, both entities announced that they want servicers to reply to short sale offers within 30 days (well… 30-60 days) starting today, June 15, 2012. This response can be an approval or denial or counter [...]
The Reason Why Banks Are Winning The Foreclosure War
I gotta say that short sales have NEVER been ‘fun’ & sometimes they can be so frustrating! If you have ever thought or said, “I can’t STAND doing short sales because…[insert any reason...it's probably a good one]!” you are definitely not alone. However, I recently came up with an interesting list of “beliefs” that can [...]
Bank of America Short Sale Escalation Web Tool
As you probably are aware… Bank of America is one of the largest servicers/banks in the United States and if you have done more than 10 short sales, you undoubtedly have done at least one if not a few Bank of America short sales. Bank of America adopted a short sale processing platform a couple [...]




