In real estate, a short sale occurs when a financially challenged homeowner sells their home for less than the balance owed on their mortgage. But is there an alternative to a short sale? The most common alternative to a Short Sale in Charlotte, NC will most likely end up with ...
“Treasury is currently reviewing a proposal to aid distressed homeowners by allowing a short sale of mortgage notes from mortgage-backed securities (MBS) trusts to new investors.” (DSNews.com) Jordan D. Dorchuck of American Home Mortgage Servicing, Inc. developed the proposal in hopes of making the lives of distressed homeowners much easier ...
About a week ago, The Mecklenburg Times turned its focus from the devastation of homeowners in today’s market, to the success of the real estate agents behind the scenes, working their hardest to sell these homes and get their clients the best deals out there. Click on the article below to continue ...
Just when you thought that owning a home in this current market wasn’t the best decision, the Homeowner Reward Co., of PMI Group, Inc. wants to remind you that you did the right thing! PMI realizes that it’s not the homeowner’s fault that their market was hit harder than most ...
The following article is from DSNews.com regarding HAMP Stats Increasing, Published December 22, 2010:The federal government’s principal foreclosure prevention program has put 504,648 distressed homeowners into permanently modified loans since it was launched in March 2009. Treasury released new numbers for the Home Affordable Modification Program (HAMP) Wednesday, and in ...
LPS Data Shows GSE Foreclosure Starts Are Accelerating Fannie Mae and Freddie Mac are beginning to initiate foreclosures at a faster pace. According to a new study from Lender Processing Services (LPS), GSE foreclosure starts have been accelerating and are currently at all-time highs. From May to June, foreclosures initiated ...
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