There are tens of thousands of distressed homeowners wondering the same things right now. Will congress continue to help out consumers who are behind on their mortgages by extending the Mortgage Forgiveness Debt Relief Act of 2007 for one more year?
The act was put in place in [...]
Who Decides The Value Of A Short Sale?
The valuation of a short sale, as determined by the short sale lender, is probably the single most important factor of the transaction.
The way it works is; after [...]
Avoid Short Sale Fraud!
The mortgage industry is once again experiencing an increase in short sales. Since 2012 the amount of short sales with Freddie Mac have gone up substantially. This rising trend will leave the Orlando real estate market a target for short sale fraud.
What's A Short Sale
The economic slump has affected many different sectors, including real estate. However, Orlando Realtors have used the recessionary trend to their advantage. Following basic economic models of continuous spending, even when money circulation in the markets is limited; short sale negotiators and [...]
Orlando is one of the prime destinations for home seekers in Florida and attracts home buyers from all over the country. It has very hot real estate market right now. If you are looking to buy or sell a home in Orlando, you will be helped a great deal by the services of a top brokerage [...]
Ocwen outsourcing Orlando short sales- It used to be that the hardest bank to negotiate a short sale with was Bank of America... hands down. But ever since B of A has implemented the Equator system they are now one of my favorite lenders to work with. In the past year or so there's a new leader in [...]
Banks are getting much faster at the Orlando short sale process
Short sales have had a bad reputation in the Orlando real estate market for several years now. Realtors didn't want to take on short sale properties either because they didn't know what was involved and were afraid of getting in over [...]