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October 2010 Blog Posts (7)

Loan Modification Or Short Sale? What is Best For You?

Loan Modification Or Short Sale? What is Best For You?







When a homeowner is faced with an unaffordable mortgage payment two principal choices exist for the homeowner in today’s market (apart from foreclosure):



Option 1: Loan Modification



Option 2: Short Sale



Which is best for you?



Is a loan modification for you?



A loan modification is best for homeowners that have a temporary financial…
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Added by BBT Real Estate Group on October 28, 2010 at 8:30am — No Comments

Short Sales Resisted as Foreclosures Are Revived

Short Sales Resisted as Foreclosures Are Revived

By MICHAEL POWELL









PHOENIX — Bank of America and GMAC are firing up their formidable foreclosure machines again today, after a brief pause.



But hard-pressed homeowners like Lydia Sweetland are asking why lenders often balk at a less disruptive solution: short sales, which allow owners to sell deeply devalued homes for less than what remains on their…
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Added by Short Sale Guru on October 26, 2010 at 9:46am — No Comments

Financial guru Tom Sullivan seeks short sale of home

Financial guru Tom Sullivan seeks short sale of home

By Phillip Reese and Dale Kasler











Even financial gurus like Tom Sullivan aren't immune to the foreclosure mess.



The longtime Sacramento investment adviser and commentator, who now works for Fox Business Network, is attempting to unload his former Granite Bay home in a short sale after being…
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Added by Short Sale Guru on October 21, 2010 at 4:15pm — No Comments

How Does a Short Sale Work and Can it Prevent Foreclosure?

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Added by Short Sale Guru on October 20, 2010 at 9:00am — No Comments

Federal bill would speed short sales

Federal bill would speed short sales

By GARY PINNELL











SEBRING - Back in November 2009, Chip Boring got a short-sale offer on a four-family complex on Lakeview and Franklin in Sebring. The owner had subdivided the unit and started remodeling before he lost his job and fell ill. He needed to sell. However, the bank — SunTrust, of Atlanta, Ga. — didn't get back to RE/MAX broker Boring until eight months later. That's when the loan mitigator said… Continue

Added by Short Sale Guru on October 20, 2010 at 8:52am — No Comments

Why the foreclosure mess could last for years

Why the foreclosure mess could last for years

Paperwork problems will generate a wave of lawsuits and investigations

By Margaret Cronin Fisk and Kathleen M. Howley


Bloomberg Businessweek





Image: Foreclosed home for sale

There are questions not only about whether foreclosures were proper, but also if people who bought foreclosures…
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Added by BBT Real Estate Group on October 8, 2010 at 8:44am — No Comments

Caregivers and Veterans Omnibus Health Act

Caregivers and Veterans Omnibus Health Act

posted by Angel Carl on September 14, 2010










The Caregivers and Veterans Omnibus Health Act, passed in April 2010, included a broad array of additions and updates to the benefits provided to Veterans. With 10 segments focused on different areas, the Omnibus Health Act has passed some major reforms. Here, Right at…
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Added by Right at Home DC on October 4, 2010 at 2:39am — No Comments

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