Monthly Archives: September 2012

Short Sale Delays Can Often Be Prevented

Maybe you were not aware that some new rules for short sales became effective on June 15th. I can understand that. Basically, the rules said that anyone attempting to sell their home on a short sale and whose loans were … Continue reading

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Banks Continued To Favor Short Sales Over Foreclosures In August

In another effort from banks to avoid the cost of foreclosing on a property they continued to turn to short sales as a more cost effective solution. As a result of this ever increasing trend, nationwide foreclosures were again down. … Continue reading

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The Short Sale Process Just Got A Little Easier In Miami!

More good news for the short sale of Miami homes! Smith & Associates, a statewide title company in Florida has just launched a new program to assist both real estate agents and homeowners involved with the short sale process. To … Continue reading

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Time Is Running Out!

Are you considering the short sale of your home? If so, the time is now! In 2007 the Mortgage Forgiveness Relief Act was passed allowing taxpayers to exclude up to $2 million of any forgiven debt on their principal residence … Continue reading

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Homebuyers in Miami can still find great deals!

Ok, the time has finally come. The finances are there and now it’s time for the fun part, actually looking for that new home! But where? In today’s market, there are definitely deals to be had and one place to … Continue reading

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Good News If You Are Considering A Short Sale Of Your Miami Home!

More and more industry professionals are noticing a definite trend in the Miami market today. The amount of short sales in Miami are on the rise as the actual number of foreclosures is declining. And guess what? Many of the … Continue reading

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Short Sales Receive Bulk of $25B Settlement Relief

Remember that $25 billion that the banks agreed to provide as relief to homeowners back in February? Well, so far about $10.6 billion has already been paid out. The agreement stated that a minimum of 60% of the money was to … Continue reading

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Miami homeowners may benefit from new short sale policy

Fannie Mae and Freddie Mac have made some changes to their short-sale policies that will benefit homeowners who are in financial distress. As of Nov. 1st of this year, homeowners with loans that have been purchased or guaranteed by Fannie … Continue reading

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