This article was reproduced with permission from Attorney Meghan Grugnale, Esq.  No portion of this article may be reproduced without prior written consent. Short Sales and Rehab Properties: In the current real estate climate, many investors and rehabbers are taking advantage of the deals that can be found and in the process, they are adding to the […]

Join Nick and Maryann this Wednesday, May 2, 2012 at 4:30 for a Wells Fargo hosted event and answer to your Short Sale questions.  Massachusetts short sale negotiator Maryann Little along with Broker Nick Aalerud will present an overview of the current short sale market, provide tips, and insight for the most novice and experienced […]

I guess I’ll believe it when I see it, but Freddie Mac announced April 17, 2012 that they wanted to speed up the short sale proccess. This is always good to hear as a negotiator. We’ve been very lucky with most of our sales. Our average time from submission to approval is 47 days, however, […]

BANA – BofA – BOA – Rollout Bank of America, giving itself the new acronym BANA this year rolled out several new changes for negotiators on April 14.   These changes were so cumbersome, BOA shut down for over 10 hours to implement the system. Agents need to have 5 key documents when initiating a short […]

(POSTED WITH PERMISSION FROM GRUGNALE LAW OFFICE, PC – NO PORTION OF THIS ARTICLE MAY BE REPRODUCED WITHOUT WRITTEN PERMISSION) Most attorneys who have been practicing real estate law for any good stretch of time have their very own title insurance/title defect story to share. This little nugget of wisdom is usually what they use […]

Mortgage servicers should be held to to strict short sale timelines agreed to under the state Attorneys General foreclosure settlement in March 2012. According to the settlement servicers must let homeowners know within 30 days whether their short sale is approved, if the homeowner has submitted a completed short sale packet. Interestingly the same settlement […]

We are liable to get 4-8 short sale approvals in a week and we thought it would be of interest to cover specific language you want to see on your approval and what you don’t want to see on your approval.

In case you missed it last month, in March this year,  the Non-GSE HAFA short sale program was tweaked and updated.  Below are the more significant changes: 2nd lien holders will see a payout of $8,500 maximum $3000 moving expense is only for those homeowners who OCCUPY the home Program extended until 12-31-2012 Homeowner may […]