Posts Tagged ‘short sales’

Short sales: read the fine print

Posted on February 28th, 2010, by DHW

Negotiating a short sale does not end at the price. Increasingly, more lenders are requiring sellers to pay back some of the loss absorbed in a short sale. Before signing a short sale agreement, sellers should take notice of any mention of a required payback. Lenders may consider removing such language if pushed back by [...]

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Debate lingers: are short sales becoming easier?

Posted on January 5th, 2010, by DHW

The Orange County Register published a great article addressing short sales. In the article, real estate agents debate whether they are seeing any improvement in the way lenders process short sale requests. The article also highlights some benefits and pitfalls for sellers involved in short sales.
DHW asks: Do you think short sales are becoming easier?
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Critics be damned. Home sales up, prices down

Posted on November 10th, 2009, by DHW

Critics of the Housing Tax Credit were quieted, if only briefly, when the National Association of Realtors (NAR) released data for third quarter home sales. According to the trade group, home sales increased by nearly 6% over this same time last year. Despite the spike in sales, prices have fallen more than 11% during the [...]

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Fannie Mae expands ‘Deed for Lease’

Posted on November 5th, 2009, by DHW

Fannie Mae is expanding its ‘Deed for Lease’ program to help thousands of homeowners facing foreclosure. The program is designed for those who want to stay in their homes but do not qualify for President Obama’s loan modification program. Participants transfer their title to Fannie Mae and rent back for up to one year.

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