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

Q & A: What are the Main Forms I need for a Loan Mod or Short Sale

Question: I want to submit an application to my lender to see if I qualify for either a loan modification or short sale. What are the forms that I need?

Answer: If you are completing a do it yourself loan modification or short sale, here are the up to date forms you will need....

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.

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.

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.

Why Banks are Finally Finishing their Loan Mods?

There are some other facts that explain why lenders are actually in favor of working with borrowers and their legal specialists in order to negotiate equitable loan modifications.

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.