California Homeowner Bill of Rights Explained

California Homeowner Bill of Rights Explained

Posted on Jul 12, 2012 in Short Sale News

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 […]

30-60 Day Fannie/Freddie Approvals? Second liens STILL killing deals?

30-60 Day Fannie/Freddie Approvals? Second liens STILL killing deals?

Posted on Jun 15, 2012 in Featured Short Sale PostsShort Sale News

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 […]

30-60 Day Fannie/Freddie Approvals? Second liens STILL killing deals?

30-60 Day Fannie/Freddie Approvals? Second liens STILL killing deals?

Posted on Jun 15, 2012 in Short Sale News

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 […]

Fannie Mae Could Be Run By Lunatics

Fannie Mae Could Be Run By Lunatics

Posted on Jan 13, 2012 in Short Sale News

Did you know that your house (or your client’s) could be worth more money… simply by having a different type of mortgage? No, really… that’s what Fannie Mae’s guideline change is hinting at. Ok, enough with the sarcasm. You can’t really change the “value” of a piece of property because it previously had a certain […]

November 1st FREE Webinar: How Two Agents Made The Top 250 Agent Team List for Production

November 1st FREE Webinar: How Two Agents Made The Top 250 Agent Team List for Production

Posted on Oct 28, 2011 in Short Sale News

During this webinar, 2 of my Short Sale Genius Students reveal their lead generation techniques that have allowed them to close over 160 sides per year over the last few years, and more importantly, how you can do the same.

BIG News for California Homeowners!

BIG News for California Homeowners!

Posted on Jul 15, 2011 in Short Sale News

Short sales in CA just became SO much more attractive! BUT CA lawmakers still they left a couple of holes for second lender which may make it harder for some agents (watch the video). You know how SB931 that was passed last year made so many people confused and others excited? Well, SB458 [now known […]

MARS blew up…

MARS blew up…

Posted on Jul 15, 2011 in Short Sale News

Great news for Agents who do short sales!! Were you as annoyed as I was by the FTCs MARS ruling when it came into affect in early 2011? I can’t stand the confusing wording of the MARS disclosure that my State’s Association came up with as so many of my clients thought that it meant […]

Bank of America Quits Kicking You Out of Equator When You Replace a Buyer

Bank of America Quits Kicking You Out of Equator When You Replace a Buyer

Posted on Jul 12, 2011 in Short Sale News

If you have ever lost a buyer with a Bank of America short sale through Equator, you know that you’ve always had to re-initiate the short sale file in Equator with the new buyer… I don’t know what the purpose of that is, but it’s been pretty annoying… for 2 years. Finally, BofA has decided […]

JP Morgan Chase Bank Has Made Some Changes

JP Morgan Chase Bank Has Made Some Changes

Posted on Jun 14, 2011 in Short Sale NewsShort Sale TipsShort Sale Training

JP Morgan Chase Bank, who also services loans that were previously owned by Washington Mutual (WAMU) and EMC Mortgage, has been testing some new programs since early 2011 by offering an incentive to some of their borrowers who are in default. These ‘incentives’ have come by way of a letter offering the borrower $20K-$40K to […]

Trent Chapman Shares How to Get Buyers to Stay in a Short Sale

Trent Chapman Shares How to Get Buyers to Stay in a Short Sale

Do you hate short sales because it often seems like you have to go through several buyers before the transaction finally closes? Well, what I’ve done in this video is share with you a couple tips, whether you are a buyers agent looking to keep your buyer in ‘first position’ or a listing agent hoping […]

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