Category Archives: Short Sales

Are Short Sales Dead?

Posted on May 11, 2017 by tomo92596

I’ve been hearing throughout the industry that short sales are dead and lenders are not giving approvals. I’m not seeing that necessarily as I just received a Wells Fargo short sale approval. Just in the past there has to be … Continue reading →

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Short Sales vs Foreclosures on a Credit Report

Posted on July 29, 2013 by tomo92596

It may surprise you to know that a short sale will typically appear no different on a credit report than a foreclosure. For someone looking to qualify for a home loan, this can be a major issue. It looks like … Continue reading →

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Buying A Home After A Short Sale

Posted on July 26, 2013 by tomo92596

Riverside County homeowners are feeling a lot better today.  Point your ear out your front door and listen: you may hear a sigh of relief!  Prices are rising – like crazy in some places – and fewer homeowners are upside … Continue reading →

Posted in Buying a home after a short sale., Credit Challenges, Foreclosure, Making Home afforable Program, Pre Foreclosure, Short Sales | Tagged , , , , , , , | Leave a comment

Bank of America Exposed.

Posted on June 17, 2013 by tomo92596

Bank of America has recently been exposed by a former worker. After years of being stalled by Bank of America about lost faxes, and being told the short is being reviewed the truth comes out. Bank of America and other servicers get … Continue reading →

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FHFA has announced the extension of the HARP by two years to December 31, 2015.

Posted on April 23, 2013 by tomo92596

Good news for Homeowners still underwater and trying to avoid foreclosure! The Federal Housing Finance Agency (FHFA) has announced the extension of the Home Affordable Refinance Program (HARP) by two years to December 31, 2015. The program was set to … Continue reading →

Posted in Credit Challenges, Fannie Mae, Foreclosure, Freddie Mac, HARP, Loan Modifications, Making Home afforable Program | Tagged , , , , , , , | Leave a comment

Fitch: High Rate of Unsuccessful Mods Threatens Asset Quality

Posted on April 8, 2013 by tomo92596

Servicers continue to make strides in home retention efforts, completing more than 360,000 retention actions in the fourth quarter of 2012, according to a report from Office of the Comptroller of the Currency  (OCC). However, Fitch Ratings detects continued “weak … Continue reading →

Posted in Chase Short Sales, Credit Challenges, HAMP, HARP, Loan Modifications, Making Home afforable Program | Tagged , , , , , | Leave a comment

Status of Short Sales?

Posted on March 19, 2013 by tomo92596

Unfortunately short sales are not going to be going away anytime soon. Some of the data that supports this in California. As of today California is tied as the state with the highest unemployment. Until people can afford a mortgage … Continue reading →

Posted in Foreclosure, HAFA Updates, Loan Modifications, Making Home afforable Program, Pre Foreclosure, Short Sale Buy Back, Short Sale Lease back, Short Sales | Tagged , , , , , , , , , , | Leave a comment

Team Olsewski Press Release

Posted on March 7, 2013 by tomo92596

TEMECULA Real Estate Agent THOMAS OLSEWSKI Awarded Short Sale Lease Back Designation

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How To Choose A Short Sale Realtor in Temecula California.

Posted on March 5, 2013 by tomo92596

Have you ever found yourself in a bit of a financial rut? You may understand that you might be headed for foreclosure. If you think you are just about out of choices, a short sale may be in your best … Continue reading →

Posted in Chase Short Sales, Credit Challenges, Fannie Mae, Foreclosure, Freddie Mac, HAFA Short Sales, HAFA Updates, Mortgage Foregiveness Act, Pre Foreclosure, Short Sales, Wells Fargo Short Sales | Tagged , , , , , , , , , | Leave a comment

Making Home Affordable Program

Posted on March 5, 2013 by tomo92596

There is help for homeowners in the Temecula and Murrieta area’s of Riverside County. If you would like more information about the Making Home Affordable program please give us a call we are here to help! For questions about Making … Continue reading →

Posted in Credit Challenges, Loan Modifications, Making Home afforable Program, Mortgage Foregiveness Act, Pre Foreclosure, Short Sales | Tagged , , , , , | Leave a comment