Tag Archives: Freddie Mac Short Sales

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 →

Posted in Chase Short Sales, Credit Challenges, Foreclosure, Short Sales | Tagged , , , , , , , , | Leave a comment

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

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

Fannie Mae and Freddie Mac updates

Posted on January 21, 2013 by tomo92596

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

Posted on January 11, 2013 by tomo92596

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

New Guidelines For Fannie Mae & Freddie Mac Released

Posted on December 17, 2012 by tomo92596

Great news for Temecula and Murrieta homeowners that potentially need to do a short sale and have loans backed by Fannie Mae and Freddie Mac! As of November 1, 2012 the Federal Housing Finance Authority initiated new Standard Short Sale … Continue reading →

Posted in Fannie Mae, Freddie Mac, Mortgage Foregiveness Act, Short Sale Buy Back, Short Sale Lease back, Short Sales | Tagged , , , , , , , , , , | Leave a comment