Listing and buying property at online auction
This guest article explains the basics of online auctions for real estate.
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Tag: short sale
Form-of-the-Week: Equity Purchase Agreement and Equity Purchase Agreement with Short Sale Contingency — Forms 156 and 156-1
When an investor or dealer wants to purchase a residence in foreclosure, they use RPI Form 156 and 156-1 when it is a short sale.
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MLO recession survival guide Part 2: Buyers’ agents and underwater home sellers
Continue to work with your evolving base of homebuyers and sellers to earn fees, even as traditional originations slow to a trickle.
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Brokerage Reminder: Don’t be coy—let hardship letters tell all
Information on drafting a hardship letter when conducting a short sale.
Read MoreIs Fannie Mae liable for money losses resulting from a false foreclosure report in its underwriting software?
Zabriskie v. Federal National Mortgage Association Facts: A homeowner defaults on their mortgage and short sells their home. The homeowner later obtains a mortgage for the purchase of a new home. More than two years after their...
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May a credit reporting agency (CRA) be held liable for Fannie Mae’s incorrect classification of a short sale as a foreclosure?
Shaw v. Experian Information Solutions, Inc. Facts: A distressed homeowner short sells their...
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Mortgage debt discounts and no deficiency obligations for California homeowners
Distinguish between recourse and nonrecourse mortgage debt to determine the remedies available to homeowners and lenders in the event a homeowner defaults.
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Client Q&A: What are a homeowner’s foreclosure alternatives?
Use this first tuesday FARM Letter Info-Flyer with your existing clients to provide a clear,...
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Can a mortgage holder enforce a homeowner’s waiver of their anti-deficiency protections on a short sale?
Coker v. JP Morgan Chase Bank, N.A. Facts: A homeowner defaults on their purchase-assist mortgage...
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The short sale purchase agreement – boilerplate agreement or as an addendum
Form-of-the-week: Purchase Agreement with Short Sale Contingency – Form 150-1 and 274 Selecting...
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California distressed sales, foreclosure inventory fall sharply
California REO resales, short sales and foreclosure inventory reach their lowest levels since 2009.
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Home sales volume flat in February
The number of homes sold in California remained flat in February. How long will the slump continue?
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It’s official: high LTV ratio increases foreclosure risk
Our foreclosure problem runs deep.
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FHA updates pre-foreclosure sale and deeds-in-lieu requirements
New short sale rules for sellers with FHA-insured mortgages.
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Foreclosures are almost fully recovered
NODs were their lowest since 2005 last quarter.
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Foreclosures, REO resales decline in Q1 2014
What do today’s NODs forecast for tomorrow’s foreclosure sales?
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What California short sellers need to know before tax-time
Inform clients about the potential tax implications of their short sale in 2014.
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NODs at their lowest in eight years
Foreclosures, NODs and REO resales were down in Q4 2013. But what’s in store?
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Tax benefits set to expire
If you or your client plans on undergoing a short sale, paying mortgage insurance, or making energy efficient improvements in 2014, you may be in for a shock come next tax season.
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FHA fast tracks Millennium Boom casualties into homeownership
Homeowners negatively impacted by the Millennium Boom may gain access to FHA-backed financing earlier than anticipated. FHA-insured financing is a critical artery that funnels money to homebuyers, and by extension, California agents. More homebuyers with access to purchase-assist funds equal more fees for agents in the wake of the housing crisis.
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