3 Reasons to buy a Foreclosure Now!!!

After a 5 year period of an unsettling real estate market, it seems that price of real estate is going up and buyers are finally jumping into the market. Even though mortgages are still tough to get, more contracts are being written like never before.

Here are 3 reasons to stop procrastinating and look for a good deal on a foreclosure now before it gets too late:

RMBS servicers shift focus to short sales | HousingWire

RMBS servicers shift focus to short sales | HousingWire

Obama Scorecard details loss mit actions | HousingWire

Obama Scorecard details loss mit actions | HousingWire

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

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

SPEED: Fannie Mae will directly approve short sales | HousingWire

SPEED: Fannie Mae will directly approve short sales | HousingWire

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.

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.

COMMITTED: Freddie Mac aims for 75% reduction in short-sale timelines | REwired

COMMITTED: Freddie Mac aims for 75% reduction in short-sale timelines | REwired

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.

We Answer Your Tough Loan Modification Questions

What is a Loan Modification?
In simplest terms, a loan modification restructures the terms of a loan without actually refinancing the property it secures. Investopia defines a loan modification as an agreement between the lender and the borrower which stipulates a long term relief from untenable loan terms. Modification of a loan applies to the terms governing the interest rate, the amount of the monthly payment, and in some cases also the length of the loan.