Archive for November, 2013

FHA Short Sale Changes effective October 1, 2013 – for NH and Massachusetts Short Sales

November 12, 2013

FHA Short Sale Changes effective October 1, 2013 – for NH and Massachusetts Short Sales HUD announced new changes in their guidelines for short sales effective 10/1.  One change has already been rescinded such as no DUAL agency, however some other notable changes and the government shut down have prolonged an already long process in […]

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CPFB announces servicers MUST hand over appraisal or BPO to borrower being considered for a Short Sale.

November 12, 2013

CPFB announces servicers MUST hand over appraisal or BPO to borrower being considered for a Short Sale. On January 18th, Short Sale Negotiators around the country will rejoice regarding the new Consumer Protection Finance Bureau, Equal Credit Opportunity Act (ECOA) amendment, under Regulation B which stipulates that servicers MUST provide borrowers with free copies of […]

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CLOSED! Lowell Massachusetts Short Sale – with estranged sellers

November 12, 2013

CLOSED! Lowell Massachusetts Short Sale – with estranged sellers Short sales are not usually pretty and this one was no exception to the rule.  We went through two rounds of buyers, a servicing change and estranged sellers and finally closed.  The point is you must be prepared for things that derail your sale, and keep […]

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Fannie Mae has provided us with Job Security! Massachusetts Short Sales and New Hampshire Short Sales

November 4, 2013

Fannie Mae has provided us with Job Security! What do I mean by that? Well, I think most people are under the assumption the real estate market is stabilizing. I do think that the rate of foreclosure is declining, however, I think that is largely due to the fact lenders are being forced to explore […]

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