Category Archives: Short Sale Info

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 Short Sales Now in Reach of Homeowners with Perfect Payment History

As of November 1st of this year, new guidelines from Fannie Mae and Freddie Mac will allow Miami homeowners experiencing financial hardship to qualify for short sales even if they have never missed a mortgage payment. Previously an unblemished payment … Continue reading

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5 Easy Steps to Buying a Miami Short Sale Home

If you are serious about finding a good deal on a new Miami home than you already know that short sales are a great option. Whether you are seeking a primary residence or investment property short sales often sell for … Continue reading

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14-Year-Old Girl Buys Short Sale Home!

Willow Tufano is a very industrious little lady. First she raised $6,000 of her own money by antiquing and selling various items on Craigslist, but that was just the beginning of her investment strategy. Next she asked her mom for … Continue reading

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3 Simple Things to Remember Before Buying a Miami Short Sale Home

This is probably the most important information that you need to be aware of before you buy that great deal. When you make an offer to purchase a short sale in Miami you will definitely need the help of a … Continue reading

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Miami Short Sales – The Right Time for a Good Investment

As we all know when the economy is bad many prospective home buyers tend to continue renting until they feel that the economy is improving and are more confident about buying that dream house. At the same time, properties tend … Continue reading

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Miami Short Sale Debt Forgiveness is Short on Time

Just a friendly reminder folks, there are less than 90 days left to take advantage of the debt forgiveness act for short sale sellers. You’ve probably already heard all about that by now but do you understand how important it … Continue reading

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