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OBAMA ADMINISTRATION APPROVES STATE PLANS FOR USE OF $1.5 BILLION IN 'HARDEST HIT FUND' FORECLOSURE-PREVENTION FUNDING Arizona, California, Florida, Michigan, and Nevada Will Receive First Round of Funding Under Program to Support Innovative Local Initiatives to...
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Tuesday, June 8th, 2010, 5:04 pmBank of America, one of the largest lenders in the U.S., has instituted a policy of liquidating as many assets saddled with defaulted loans as possible before repossession, said Matt Vernon, the short sale and REO executive at BofA.Vernon took the position at...
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Jacksonville Business Journal - by Christian Conte Staff writer The Jacksonville area had the 17th highest foreclosure rate in the nation in May, according to RealtyTrac.There were 3,789 foreclosure filings filed last month, up 56.89 percent from April and...
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Jacksonville Business Journal - by Christian Conte Staff writerRead more: House flippers cutting through backlog of foreclosed homes - Jacksonville Business JournalFor a few years now, investors who bought residential real estate and quickly sold it, or “flipped” it for a higher price,...
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If you're thinking of selling your home, and you expect that the total amount you owe on your mortgage will be greater than the selling price of your home, you may be facing a short sale. A short sale is one where the net proceeds from the sale won't cover your total mortgage...
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April 25, 2010Why Banks Delay Your Short SalesSource: Herald-Tribune ‘A rolling loan gathers no loss” was the play on words often used throughout the savings and loan association debacle during the 1980s. Back then it was the way that financial institutions delayed reporting problem loans....
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Posted by Justin on Friday, March 12, 2010 at 9:39 am Filed under market research, short salesI’m going to pick up exactly where we left off yesterday:“As always, the biggest obstacle of HAFA Short Sales is exactly the same as any other Short Sale: the problem of 2nd Mortgages. The...
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Posted by Garrett on Tuesday, April 20, 2010 at 12:16 pm Filed under market research, short sales Mike Calhoun recently told me about an article by Mortgage Servicing News columnist Brian Collins entitled “U.S. Paying Investors to Complete Short Sales.” While we’ve written...
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Saturday, April 17th, 2010 at 3:52pmPosted by Ron BallardI wasn’t going to write about the April 12 Freddie Mac online article about “Short Payoff Fraud” for several days because it is so fraught with misstatements and misunderstandings that it’s my humble opinion that it will be...
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