Archive for Short Sales
New Fannie Mae Website Helps Struggling Borrowers Know Their Options
If you are a home owner in the Port St. Lucie, Stuart, Jensen Beach, Traditions, or the Treasure Coast area (or, anywhere in the U.S.) and you are struggling to make your mortgage payment, there’s a new website to help you out. Fannie Mae unveiled a new website
Do You Have A Bank of America Mortgage On Your Port St. Lucie, Jensen Beach, or Stuart Home?
If you bought a home in Port St. Lucie, Stuart, or Jensen Beach and Bank of America is your lender, you may be in for pleasant surprise. I never thought I’d hear “Bank Of America” and “pleasant” used in the same sentence, but their new policies on mortgage modifications could be very pleasant to their sub prime [...]
Short Sale VS Bank Owned (REO) Homes in Port St. Lucie, And Missed Opportunities
The difference between a short sale in Port St. Lucie and a bank owned home is often just a difference in time. The bank owned (REO) homes could have been sold through a short sale just months earlier, saving the seller a foreclosure on their credit, and perhaps allowing the buyer to get a better deal, with less competition.
Some Banks Reaching Out To Home Owners in Port St. Lucie
There are a couple of banks (I can’t name them, but if they hold your mortgage, you know who I am referring to) that are actually reaching out to home owners and encouraging them to modify their loans, or list their home for a short sale. They have over 4,000 loans on properties in Port St. Lucie, Stuart, and Jensen Beach that qualify. If you have received an overnight letter by Fed/Ex from your lender that you were not expecting, you are one of the lucky ones. These banks have a fast track program for distressed home owners, even if you are not delinquent on your payments.
Obtaining a CDPE Designation – Certified Distressed Property Expert
Having successfully done short sales for the last three years, I felt I knew a great deal about them. Taking the intensive CDPE course gave me more insight into the process, and I hope it will enable me to reach out to more distressed property owners. CDPE stands for Certified
A Short Sale Thank You
One of the great things about working “short sales”, besides the commissions, is the gratitude expressed by sellers when it’s all said and done. After a short sale closing the sellers feel like a weight has been lifted off of their back, and it has
Short Sales in Port St. Lucie
We have been working short sales for over three years in the Port St. Lucie / Stuart area. Short sales have many variables that determine their success rate. Some of these variables are whether the borrower has one or two mortgages on the property, who the mortgage holder is, how patient the buyer is in waiting
More Info on Taylor, Bean, & Whitaker
More light is now shed on what happens to a homeowner’s morgage which was held by Taylor, Bean, & Whitaker. (150,000 mortgages). The Florida Division of Financial Regulation has gotten the loan company to update its Web site so that homeowners can find out what to do. You can get the info at the Taylor, Bean, [...]
What happens to Taylor, Bean, & Whitaker Mortgages?
What happens to Taylor, Bean, & Whitaker Mortgages since they were shut down by the government a couple of weeks ago? Taylor, Bean, & Whitaker did 1/3 of the FHA mortgages in Florida, and many borrowers wonder what will happen to their mortgage
Obama Administration Pushes Loan Mods, Again
The Obama administration met with the heads of 25 mortgage company executives today, trying to push loan modification. Everyone knows the first attempt was a joke, with some people assuming a loan mod was guaranteed and others thinking it would happen overnight. According to the Florida Association of Realtors web site there was some progress today. The lenders explained the pressure put on them by the Administration and the increase in manpower and training needed to implement the program. Apparently, these heads of mortgage companies and some czar, or cabinet member, agreed to work harder