Never underestimate the lobbying power of NAR (National Association of Realtors). NAR managed to have the enforcement of the anti-dual agency rule postponed. The Department of Housing and Urban Development (HUD) had planned to implement the new regulation 10-1-13 to help fight Fraud in Short Sales. “Dual Agency” is generally defined as one real estate…
When interviewing agents to list and sell your Short Sale, i.e., your real estate which is currently worth less than the total owed on the mortgage, there are many factors to consider. Personality compatibility, motivation level, persuasiveness, compassion, are all factors in selecting a “partner” to help you succeed in the business of selling your…
This headline out of Missouri at first seems encouraging to the average homeowner trying to find anyway possible to keep from having their home taken from them. Like this family in the featured story, many homeowners have done everything possible to “keep a roof over their heads”, including selling all the family jewelry. But unlike…
How much help can Veterans and potential FHA refinancers expect from the latest program announced by President Obama at his recent (3-6-2012) press conference? For a good summary of the new program see an article in Bloomberg Business (http://www.washingtonpost.com/business/economy/obama-unveils-housing-initiatives-for-military-fha-families/2012/03/06/gIQAjW1mvR_story.html) “the administration has struck an agreement with various banks and lenders to conduct a review of…
So you did the noble thing, you avoided foreclosure, helped your lender and their investor avoid a catastrophic loss when you could no longer pay your mortgage, and salvaged a little better credit rating by short selling your house. Do not expect gratitude from your lender for helping them make lemonade out of a total…
