The Investor Insights

According to new rules from Freddie Mac, it could be. Starting at the beginning of next year, all parties involved in a short sale will be required to sign an affidavit that says they are handling the transaction to federal standards. The additional paperwork is said to help all parties with an interest in the [...]

Mars is the second closest and only red planet near Earth. It’s also the name of a program real estate investors need to know about – Mortgage Assistance Relief Services. It’s one more requirement from the Federal Trade Commission to protect consumers. And, if you’re a real estate investor, it’s important to help protect consumers [...]

The government’s HAFA program that went into effect on April 5, 2010 should help shorten the length of time it takes a lender to approval a short sale. The HAFA program is an alternative for homeowners that do not meet the guidelines under the government’s Home Affordable Modification Program to receive a mortgage loan modification. [...]

If you’re negotiating short sales in Florida, you better have your mortgage broker’s license.  This from a new law that went into effect this month. Read all about it here: Letter to Florida Association of Realtors

Here’s a reader question: Hi Susan, I have meet a road block with trying to make short sale deals work. The problem is banks take months to respond to a proposal. Is there a better way to shorten this response time? — Anthony Hey Anthony, Unfortunately, no. The best action is to make sure you’re [...]