PNC Mortgage / National City Short Sales – Getting Started The first step to initiating a short sale with PNC Mortgage / National City is to list the home with a Realtor who specializes in short sales and has significant experience with this lender. Your agent will be critical to the success of your transaction and […]
Category Archives: For Sellers
Citi Mortgage / Financial Short Sale
Citi Mortgage / Citi Financial Short Sales – Getting Started The first step to initiating a short sale with Citi Mortgage / Citi Financial is to list the home with a Realtor who specializes in short sales and has significant experience with this lender. Your agent will be critical to the success of your transaction […]
JP Morgan Chase – Short Sale
Chase / EMC / WAMU Short Sales If one company™s short sale process has changed more than any other it would be Chase. Chase™s short sale process hasn™t changed so much in terms of administrative process, but more from a corporate stand point. You see, after Chase acquired Washington Mutual their primary task seemed to […]
Deficiency Judgments
What is a Deficiency Judgment Deficiency judgments are court orders that make you personally liable for unpaid debt. They are often associated with foreclosures (and less often times short sale), when a home’s selling price is not enough to cover the loan balance. Let’s take a closer look at what deficiency judgments are, and if […]
Recourse vs. Non-Recourse Loans
Recourse loans are loans that permit the lender to come after you in case you default on the loan. You can contrast recourse loans with non-recourse loans, which create more risk for lenders. Let’s take a look at recourse loans, how they work, and how to identify them. Recourse Loans – The Recourse Recourse loans […]
List of Servicers Partcipating in Home Affordable Foreclosure Alternatives Program (HAFA)
Name Web Site Phone Service Address Fax Allstate Mortgage Loans & Investments, Inc. http://www.allstateocala.com/ 866-351-0200 P.O. 1201, Crystal River, FL 34423 352-351-4557 American Home Mortage Servicing, Inc. www.ahmsi3.com 877-304-3100 Attn: HAMP Processing 1525 S. Beltline Road Coppell, TX 75019 866-452-1837 AMS Servicing, LLC www.ams-servicing.com 866-919-5608 3374 Walden Avenue Buffalo, NY 14043 716-204-3875 Aurora Loan Services […]
Year End Real Estate & Additional Tax Tips
This is your final reminder to take a few minutes from holiday merrymaking and get those last-minute tax moves done. You have until Dec. 31. After that, there’s little you can do to cut your tax bill. Here’s what you can do before the end of the year to trim your 2009 tax bill. I’ll […]
Non-Recourse States
Non-recourse loans are written in non-recourse states and in these states lenders may not pursue you for anything other than the collateral. The following are non-recourse states: Alaska Arizona Connecticut Florida Idaho Minnesota North Carolina North Dakota Texas Utah Washington The following states allow non-judicial foreclosure: Michigan Minnesota North Carolina Rhode Island […]
Feds get behind short sales
Making Home Affordable Plan Expanded – Adminstration Pushes Short SalesThe Obama administration is encouraging troubled borrowers who don’t qualify for loan modifications or can’t keep up payments on a modified loan to pursue a short sale in order to avoid foreclosure. While the main thrust of the administration’s Making Home Affordableinitiative remains loan modifications and […]
Luxury Home Sales
Exceptional properties require exceptional agents! The sale of Luxury Homes is for luxury home specialists, that is top real estate professionals who not only have extensive experience working with high-end properties and a network of professionals, but also a reputation for excellence and exceptional service. The Luxury Market is a highly service-oriented business, and one that requires special competencies. How […]