Read Your Short Sale Approval Letter Thoroughly

Today I wanted to cover a subject that almost everyone we talk to has questions about. It is a tough subject to talk about and the questions are often difficult to answer because the answer is really dependent on your particular situation. The question is always, “What happens after a short sale? Am I still going to have a deficiency or owe my lender money once the short sale is completed?”...

Does Your Real Estate Agent Have A Good Working Relationship With Bank Of America?

I am fortunate to have been in the real estate business long enough that I’ve seen Bank of America come through an incredible evolution in the way they handle short sale transactions. Completing a short sale with them used to not be so pleasant, but now it’s much better thanks to them streamlining their processes and improving their employee training. The entire process as a whole, from the...

Ocwen Loan? Work With An Experienced Professional

If you’ve looked around online at all for information about completing an Ocwen short sale, you may have found a lot of negative information about the process and their business practices. In the last 12-18 months, Ocwen has significantly changed quite a few things about the way they do business. As a mortgage servicer they have, in recent history, evolved to servicing Fannie Mae, Freddie Mac, FHA...

FHA Short Sale Pre-Foreclosure Program Could Work For You

Today I wanted to talk to you about your FHA loan and a situation that some of you may be in. If you’re in a house with an FHA loan and need to sell but it’s not worth the amount of the loan, what are you going to do? FHA has been around for quite some time and they have a program called the FHA Pre-Foreclosure Sale Program. There are a number of steps to successfully navigating that program, one...

We Are FHA Short Sale Specialists

Right now I wanted to talk to you about your FHA home loan and completing a short sale. Now, since the FHA loan is a government-backed loan isn’t call a short sale, it is actually called a pre-foreclosure sale program. The pre-foreclosure sale program related to FHA loans has been around for quite a long time, it’s nothing new. They have recently updated their guidelines to be a bit more...
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