Tag Archive

Major HAFA Changes for Massachusetts Short Sale Sellers of Non-GSE mortgages

Published on January 21, 2015 By Maryann Little VP Mitigation - Short Sales Massachusetts New Hampshire

Major HAFA Changes for Massachusetts Short Sale Sellers of Non-GSE mortgages This is big change to the HAFA program itself in case you didn’t hear about it yet.  These two very important changes will affect all NON-GSE mortgages (not Freddie, Fannie, FHA, or government backed programs).  Massachusetts short sale negotiators may be rejoicing everywhere. The […]

SHORT SALE HOMEOWNERS IN MA AND NH – THERE COULD BE TAX FORGIVENESS WITHOUT Mortgage Debt Forgiveness Act

Published on March 10, 2014 By Maryann Little VP Mitigation - Short Sales Massachusetts New Hampshire

SHORT SALE HOMEOWNERS IN MA AND NH – THERE COULD BE TAX FORGIVENESS WITHOUT Mortgage Debt Forgiveness Act I’m not an accountant nor do I play one on TV so please for tax advice seek out someone qualified.  I give the same advice to short sale sellers in Massachusetts and New Hampshire, which is find […]

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

Published on November 12, 2013 By Maryann Little VP Mitigation - Short Sales Massachusetts New Hampshire

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 […]

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

Published on November 4, 2013 By Maryann Little VP Mitigation - Short Sales Massachusetts New Hampshire

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 […]

CLOSED! Randolph Massachuetts Short Sale – We bring the closing TO YOU!

Published on March 14, 2013 By Maryann Little VP Mitigation - Short Sales Massachusetts New Hampshire

I always say it’s a team effort to close a short sale and this case was no exception. Cheryl Dwyer AKA Cheryl Short Sale worked her tail off on this. This was an AMTRUST short sale. They are NOT that easy to deal with, but our lead negotiator Julie persevered and got the approval for […]

CLOSED! Lawrence Massachusetts Short Sale! INVESTOR PURCHASE

Published on March 11, 2013 By Maryann Little VP Mitigation - Short Sales Massachusetts New Hampshire

YES. Short Sale Mitigation, LLC does work with many investors looking for deals on short sales. They are harder and harder to get, but we were able to get this condo closed for this buyer for $30,000. He DID have to fork over some $$ for past due condo fees, but certainly well worth the […]

What does SHORT SALE APPROVED really mean?

Published on October 7, 2010 By Maryann Little VP Mitigation - Short Sales Massachusetts New Hampshire

An approval of a short sale actually comes in writing. So unless a previous buyer had come in, put an offer in, got an approval and walked before closing, chances are the SHORT SALE APPROVED on the listing you read just means that the listing price has been approved by the lender.

What are your RISKS in a Massachusetts or New Hampshire Short Sale

Published on October 6, 2010 By Maryann Little VP Mitigation - Short Sales Massachusetts New Hampshire

Homeowner should know the risks of a potential “traditional” short sale. There is a new type of short sale called a HAFA short sale that has other risks all together, so for today, our focus is the traditional short sale.

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