Monthly Archives: January 2013

Bank of America Cooperative Short Sale Program Update

The Bank of America Cooperative Short Sale Program may be able to help you complete a short sale if you owe more on your mortgage than your Temecula, Murrieta, Menifee or Hemet home is worth and do not qualify for the Home Affordable Foreclosure Alternatives … Continue reading

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Fannie Mae and Freddie Mac updates

Fannie Mae and Freddie Mac announced changes to their servicing requirements for short sales. Please be aware of the following key changes for all parties involved in a short sale. These changes apply to all Fannie Mae and Freddie Mac short sales, … Continue reading

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New California Law Requires Disclosure of Foreclosure to Tenants

For Investors and Rental Property Owners As of  January 1, 2013, property managers and landlords in California are required to  disclose in writing to any prospective tenants if a notice of default has been  recorded against the property. The law applies to rentals … Continue reading

Posted in Chase Short Sales, Credit Challenges, Foreclosure, Pre Foreclosure, Short Sales, Short Sales and Rental Property | Tagged , , , , , , | Leave a comment

CitiMortgage to Launch Home Rental Program as Foreclosure Alternative

CitiMortgage announced the launch of the Home Rental Program, a program designed to provide an alternative to foreclosure and allow eligible borrowers to stay in their homes. The Home Rental Program will be managed by Carrington Capital Management, LLC and … Continue reading

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Mortgage debt relief law extended through 2013

Mortgage Debt Forgiveness extended Late last night, Congress reached a settlement in the “fiscal cliff” negotiations.  As a result, the Mortgage Forgiveness Debt Relief Act has been extended for another year.  The measure will continue to exempt from taxation mortgage … Continue reading

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