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Last second nail biter gives way to tax credit extension

This is a tremendous relief for many home buyers who got their offer in by the April 30th deadline but then were delayed in closing by circumstances out of their control. . . . → Read More: Home buyer tax credit extended for real this time!

Ohio Helping You Save Your Dream

Don’t give up hope. You need to get out and take some action. Whether you give me a call at 216-324-6637 or give Save The Dream A Call at 888-404-4674 or you read over the Save The Dream website. Take action. Arm your self with information and recruit an advocate. . . . → Read More: Ohio Helping You Save Your Dream

Partial tax credit extension decreases stress for short sale participants

Since the end of April we have several folks who wanted to take advantage of short sales and also get the $8,000 first time homebuyers cash incentive. Of course when it was more necessary than ever to have a timely close one of our short sales went wrong when it was broken into and several vandalized . . . → Read More: Partial tax credit extension decreases stress for short sale participants

Audit the Federal Reserve

Is our money system a house of cards? We need to audit the Federal Rserve because I won't be able to sell this house on a short sale.

I have watched everything happening in our economy.  I don’t have our economy all figured out.  I can say that it appears the U.S.A. . . . → Read More: Audit the Federal Reserve

Fannie Mae and Freddie Mac have their own version of HAFA

Need to do a Fannie Mae short sale on your Rocky River Ohio home? Call 216-324-6637.

Deadline for HAFA compliance for both Freddie Mac and Fannie Mae servicers is August, 1st 2010.

America’s favorite Government Sponsored Enterprises (GSE)Fannie Mae and Freddie Mac recently announced their own version of Home Affordable Foreclosure . . . → Read More: Fannie Mae and Freddie Mac have their own version of HAFA

2010 The Year of The Short Sale- Breaking news! – Supplemental Directive 09-09

Is your home upside down? Do you feel locked in your home? There is good news!

Reuters reported, Treasury sets guidance to simplify “short sales”. The HAMP website released “Supplemental Directive 09-09” which is the new guidelines for servicers doing short sales (HAFA short sale details here – HAFA means Home Affordable . . . → Read More: 2010 The Year of The Short Sale- Breaking news! – Supplemental Directive 09-09

Wells Fargo picks and prays re pick and pays

The Wall Street Journal had on article here about Wells Fargo’s loan modification strategy for it’s portfolio of negative amortization “pick a pay” loans which allowed owners to make interest only payments or even less while the balance would grow and while equity has shrunk… especially in this market.  Wells Fargo has nearly $107 . . . → Read More: Wells Fargo picks and prays re pick and pays

Can I sell on a short sale and immediately buy another home? Yes but…

According to this blog post: Short Sale Your Home… Buy Another Home…At The Same Time!.

As a short sale specialist with plenty of former clients having done short sales this is very interesting.  Until I ran into  this article I was under the understanding unless you do, “semi-fraudulent” credit repair to remove legitimate entries . . . → Read More: Can I sell on a short sale and immediately buy another home? Yes but…