The Real Deal caught up with Charfen to find out what he sees happening in the short sales
market in Florida and nationwide.
The Ballen Group originally specialized in Summerlin short sales
. The Ballen Group's Las Vegas real estate agents all originally specialized in short sales
Another, which is the best answer readily available today, is using specialty and component servicers that focus on the loan-modification and loan re-performance areas, as well as on foreclosure alternatives such as short sales
Some mortgage underwriting systems cannot distinguish short sales
from foreclosures on consumer reports, according to the Federal Trade Commission.
If they are currently involved in assisting sellers in obtaining discharges from mortgage lenders or creditors in short sales
and are not licensed under RSA 397-A or 399-D, it is recommended that they consult with counsel and consider whether under the facts and circumstances it is advisable to ask for a no-action letter from the banking department.
They have been working with short sales
for the last several years as most Henderson real estate agents have had to with the recession and housing market crash.
* CoreLogic, Irvine, California, released a new update on mortgage fraud data for the second quarter, and the results show that suspicious activity involving short sales
remains a concern.
- selling the property for less than the debt owed - can allow both parties to avoid foreclosures.
22) greatly raising the offsetting quota for margin trading and short sales
by increasing the ceiling for margin trading by 50%, so as to encourage in vestors buying stocks and boost the trading volume of the stock market.
mortgage funder Freddie Mac (OTC: FMCC) said it is streamlining its policies and processes so all Freddie Mac servicers can approve short sales
for borrowers facing sudden financial stress due to divorce, death, disability or other common hardships on their own authority.
HISTORICALLY, short sales
have a bad reputation among homeowners and the real estate community and, in many ways, this negative perception has grown during today's down economy along with feelings of frustration and loss.
are becoming more and more common in expensive areas as Long Island luxury homeowners try to escape the embarrassment of a foreclosure, the New York Times reported.