Mortgage, Real Estate, US Real Estate

Short Sales Get Shorter

By Mike Wheatley | May 30, 2012
Short sales are set to speed up from the beginning of next month, with new FHFA guidelines set to come into force on June 15. Under the new guidelines, Fannie Mae and Freddie Mac will be required to give a final decision on any short sale within 60 days of the homeowner’s request.
Mortgage, Real Estate, US Real Estate

Bank of America in $30,000 Short Sale Incentive

By Mike Wheatley | May 17, 2012
As part of its efforts to reduce the number of foreclosures on its books, the Bank of America is offering relocation payments of up to $30,000 to struggling homeowners to induce them to agree to a short sale.
Mortgage, Real Estate, US Real Estate

Short Sales to Speed Up

By Mike Wheatley | March 19, 2012
Following a recent settlement with the state attorneys general, new short sale requirements are to be adopted by the largest five mortgage servicers in the US, in the expectation that these will speed up what has become quite a lengthy process.
Investing, Mortgage, Real Estate, US Real Estate

Time Is Running Out For Avoiding Taxable Income On Your Foreclosure

By Donna S. Robinson | March 12, 2012
It seems that the ultimate "insult-to-injury" scenario would be to lose your personal residence to foreclosure or a short sale, then find out that you owe taxes on the "income" you "received" as a result. But that is exactly what could happen to millions of homeowners who will face foreclosure or be forced into a short sale on their personal home after December 31, 2012.
Real Estate Resource, US Real Estate

How Long Till Foreclosure Victims Can Buy Again?

By Mike Wheatley | February 27, 2012
With the unprecedented housing crisis over the last six years resulting in more than four million homes lost to foreclosure, many of these homeowners are now beginning to wonder: When will they be able to buy again?
Real Estate, Residential, US Real Estate

Banks Step Up Short Sale Incentives

By Mike Wheatley | February 13, 2012
Banks are stepping up their efforts to persuade struggling homeowners to accept a short sale instead of going through a costly foreclosure, according to new reports, with some banks prepared to offer borrowers up to $35,000 to ‘get out of jail’ earlier.
Coaching, Investing, Real Estate Resource, US Real Estate

How To Pick A Real Estate Investing Strategy That Will Work

By Donna S. Robinson | February 10, 2012
I often get email's from investors asking me how they can tell which real estate investing strategy is ideal in their city. From the perspective of a new investor it can be difficult to decide what particular strategy you should use in a given area.

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