Author Archives: Maggie

6 Tips for Buying a Home in a Short Sale

When sellers need to sell their home for less than they owe on their mortgage, they’re shooting for a short sale. Short sale homes can sometimes be bargains, but only if you do your homework, stay patient, and remain unemotional … Continue reading

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Strategic Default: Feds Pursue Deficiency Judgments

The Federal Housing Finance Agency (FHFA) is pushing Fannie Mae and Freddie Mac to track down debtors even after foreclosure.  Strategic defaulters may not be happy to hear this.  Strategic defaulters are folks who allow their homes to go into … Continue reading

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Feds Working to Curtail Short Sale Fraud

Home buyers tired of making offers on “bogus” short sales will be happy to hear that Fannie Mae and Freddie Mac regulators are putting requirements in place aimed at helping reduce short sale fraud. Starting August 1st, Fannie Mae short … Continue reading

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Bank of America Accused of Lying to Homeowners

If you’ve been trying to modify a loan with Bank of America and couldn’t get anywhere, perhaps this explains why. Former Bank of America employees allege that they were forced to lie to homeowners repeatedly. Shame on you Bank of … Continue reading

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Miami Distressed Homeowners May Be Helped By Chase Bank

If you’re a Miami home owner who is upside down on your mortgage (your home is worth less than you owe on it) AND your mortgage is with Chase Bank, we’ve got great news for you! Chase has streamlined the … Continue reading

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Facing Foreclosure? Pilot Bank Program May Help

If you are one of the many homeowners facing foreclosure, Bank of America has a pilot program which may help you stay in your home.  The innovative program, which is being rolled out to a select 1,000 Bank of America … Continue reading

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Miami Short Sale Scammers Charged

Miami was a prime area for mortgage fraud during the real estate boom, it is now a contender for the title of Short Sale Scam Capital.  As long as there are rules, there will be folks looking to break them. … Continue reading

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Bank of America Speeds Up Short Sales

I’m happy to follow up to my previous post with more details about the initiatives Bank of America is putting in place to make short sales easier for all.  This week I attended a broadcast hosted by CDPE devoted entirely … Continue reading

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Miami Short Sales Are Getting Easier – Somewhat

If you are a Miami homeowner facing a possible foreclosure, I have somewhat good news.  Banks are getting better at making short sales happen.  Don’t let your Miami house fall into a foreclosure needlessly.  As long as you qualify (and … Continue reading

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Miami Short Sale Approvals

When trying to short sell your Miami home, patience is required.  Yes, we handle the communications with the Lenders, but as with any process, there are certain steps and they all take time. So when we receive the news that … Continue reading

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