Mortgage-Relief Scam? – S.S./Foreclosures

“If you’re a struggling homeowner trying to save your house from foreclosure, beware the latest mortgage-relief scam: Dozens of companies have been accused of falsely promising mortgage relief—while collecting millions of dollars in illegal upfront fees, according to a report by the Los Angeles Times. The Consumer Financial Protection Bureau recently filed three lawsuits against eight firms accused of…

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Mortgage Distress? No Fear! – Short Sales and Foreclosures

Mortgage: “ The Making Home Affordable (MHA) program, which includes both the Home Affordable Refinance Program (HARP) and the Home Affordable Modification Program (HAMP), has been extended through December 31, 2016.” Mortgage payments are difficult, people. We’re all aware, and no one’s pretending that the struggle isn’t real. However, push your worries aside slightly, for…

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Underwater Sellers Refuse What? – Short Sales and Foreclosures

“Real estate professionals say that their underwater sellers are less likely to consider a short sale, even if faced with foreclosure. “There are still millions of homes underwater, but short sales have fallen off considerably,” says Mark Zandi, chief economist at Moody’s Analytics. “It’s gumming up the system” and could be limiting home buyer activity.…

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Foreclosures at a new low; will it stick?

Foreclosures: “Black Knight Financial Services released its “First Look” at May Mortgage data, which found that foreclosure inventory declined to its lowest level since July 2008. As a percentage of total inventory, foreclosure pre-sale inventory is 1.91 percent, down 5.56 percent month-over month. The percentage of total U.S. foreclosure pre-sale inventory is down 37.23 percent…

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Beating the Odds on Short Sales – Short Sales and Foreclosures

Short sales are HUGE right now, folks. In the newly instituted “seller’s market”, which will hopefully soon yield a benevolent “buyer’s market”, it is VITAL to understand the functions and benefits of short sales in the real estate market, as well as the evolutions being made in today’s market itself. This organized virtual package, presented…

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