Mortgage Debt Relief Act Extended Through 2013
Tuesday, January 15
American Taxpayer Relief Act of 2012 The American Taxpayer Relief Bill extends The Mortgage Debt Relief Act through 2013. On January 1st, 2013 the U.S. Senate overwhelmingly passed legislation to avoid the so-called "Fiscal Cliff" by a vote of 89-8. The bill, referred to as the American Taxp...
Five Buyer's Agent Tips To Ensure Short Sale Approval
Wednesday, November 30
Getting a short sale approved is no easy task. Buyers can, and do, walk away if they feel the transaction is taking too long. Mortgage insurance companies frequently demand unreasonably high contributions from the seller, thus killing the deal. Servicing rights can be transferred to a new lender...
Five Listing Agent Tips To Ensure Short Sale Approval
Thursday, October 06
According to a recent report by California based RealtyTrac, distressed properties accounted for one third of all US housing sales in the second quarter of 2011. The glut of inventory is only going to increase as lenders slowly bounce back from the robosigning crisis and foreclosure filings begin...
FTC MARS Exemption: Good Or Bad For Short Sale Agents?
Wednesday, August 10
FTC Issues Stay On Enforcement Of Certain MARS Provisions The Federal Trade Commission (FTC) recently issued a statement that it would no longer enforce several provisions of the widely scrutinized Mortgage Assistance Relief Services (MARS) Rule. The MARS Rule required all real estate agents wor...
How Does A Short Sale Affect Your Credit Score?
Tuesday, August 09
Foreclosure vs. Short Sale: Which Option Is Best For My Credit Score?As someone who deals with homeowners facing foreclosure on a daily basis, I am often asked whether a short sale or foreclosure results in more damage to your credit. Unfortunately, there is no straight- forward answer. The reas...