Obama administration expands HAMP outreach | HousingWire

Obama administration expands HAMP outreach | HousingWire

Applied Service Group and Brij Capital merge forces

FOR IMMEDIATE RELEASE March 25, 2013

(New York, NY) With the growing number of property owners with commercial buildings falling into default because of the economy, prices are currently 42% below the 2007-2008 peak. The principals of Applied Service Group and Brij Capital have combined their efforts to assist these owners through various loan resolutions.

RealtyTrac: Foreclosure activity rising in 2013 | HousingWire

RealtyTrac: Foreclosure activity rising in 2013 | HousingWire

MBA Servicing: Short sales stay popular for next two years | HousingWire

MBA Servicing: Short sales stay popular for next two years | HousingWire

Q & A: Loan Mod or Short Sale!?!

Question: I cannot afford my loan modification payments anymore, should I pursue a short sale?

Answer: If you find yourself still in a financial bind even after doing a loan modification, it may make sense to do a short sale if your mortgage is underwater. In many cases you may qualify for up to $10,000 in relocation fees from your lender.

Large institutional investors emerge in REO-to-rental market | HousingWire

Large institutional investors emerge in REO-to-rental market | HousingWire

SPEED: Fannie Mae will directly approve short sales | HousingWire

SPEED: Fannie Mae will directly approve short sales | HousingWire

Loan Mod Q & A..What to do if Unemployed?

Question - I was recently laid off again and I am falling behind in my mortgage. What are my options this year with my lender?


Answer - Last year many of the major lenders and servicers teamed up with the government to institute a Mortgage Forebearance Program for homeowners falling back into distress in this economy.

Don't Go into a Gun Battle with a Butter Knife (Part 1)

Who can believe that after four years homeowners and their lenders are still trying to get on the same page when it comes to dealing with underwater mortgages. Several programs by the government like the HAMP and HAFA programs meant well but was met with opposition from lenders and servicers.

Without any strict enforcement, lenders and servicers have sent distressed homeowners in a never ending circle of frustrating processes to get loans modified. While the government had high goals of modifying over 20 million loans over the past four years, only a fraction of that really occurred.

REOCON 2013: An update on short sale and REO trends | HousingWire

REOCON 2013: An update on short sale and REO trends | HousingWire

3 Reasons Why Realtors Need a Good Negotiator

Now that the real estate market is looking to flatten out and it has reached it's rock bottom, lenders are looking to get rid of all of the shadow inventory clogging the foreclosure pipeline.

For the first time in over four years, the loss mitigation departments at the lenders and servicers are starting to streamline the short sale process and take offers below what they are owed. This means millions of properties are going to come into the real estate market. This is good for buyers and realtors.

Buyers want to buy now, while sellers are inclined to wait | REwired

Buyers want to buy now, while sellers are inclined to wait | REwired

Mortgage delinquencies tick up in December | HousingWire

Mortgage delinquencies tick up in December | HousingWire

Five Easy Steps to Modifying Your Loan

The housing crisis has been hitting homeowners hard since 2007. The number of homeowners facing foreclosure is staggering. Nearly 15% of homes are in some sort of foreclosure proceeding. One out of three homeowners are “underwater” in the value of their home, meaning they owe more than what their property is worth.

A Smart Short Sale Guide for Dummies Part #1

A Short Sale is a process during a pre-foreclosure procedure, whereby the bank will accept a lower percentage amount of the face of the loan, as well as deduct the interest and penalties, due to the financial hardship of the homeowner.

Beware of these Pitfalls When about to do a Short Sale!

You can represent the seller or homeowner in distressed situations like this one, as long as you are purchasing the property yourself. The main thing you need to do is ask yourself these questions.