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FBI Makes Big Progress in Battle Against Illegal Mortgage Schemes

Federal authorities have charged 530 people with the alleged fraud of more than 73,000 home owners as part of an ongoing crackdown of illegal mortgage schemes by the FBI. The involved parties made false promises to distressed homeowners promising to … Continue reading

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$20,000 Relocation Assistance to Miami Short Sale Homeowners!

You heard right, Bank of America is now offering up to $20,000 to assist the owners of short sale properties with the expenses incurred to relocate to a new home. The actual amount provided will be different for each homeowner … Continue reading

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With All of the Recent Changes, Are Short Sales Still a Good Idea?

We’ve all heard about it, so many changes in the rules concerning the short sale process. It seems like every other day there is a new regulation being developed or an old one about to become obsolete. There’s no mystery … Continue reading

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Banks Begin to Promote Short Sales to Miami Homeowners!

There have been a lot of changes in the rules when it comes to short sales. As you probably already know, short sales have become more and more popular as an option for those of us that need a better … Continue reading

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Short Sale Helps Delray Beach Florida Homeowner

Alexandra Burns, a 32 year old day care provider and her 4 children are now moving into a rental after the successful short sale of her home. She was 10 months behind in her mortgage and stated that there was … Continue reading

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Florida Has 2nd Highest Foreclosure Rate In The Country

According to RealtyTrac, filings for foreclosures were down 31% in states where courts handle the foreclosure process but only 15% in  nonjudicial states. Florida was 2nd in foreclosure rates while Illinois had the highest rate with 1 in every 298 … Continue reading

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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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