Archive for the ‘Mortgage Tips’ Category

Bank of America, Notice of Intent to Accelerate

Video Blog (vlog) by REALTOR® Jennifer Klein: Bank of America, Notice of Intent to Accelerate explained by Jennifer Klein (916)230-3880, Or email JK@RosevilleAndRocklin.com.

BEWARE:Considering a loan modification? Think you are currently in one?

Considering a loan modification? Think you are safe with your current payment arrangement with the bank? Jennifer Klein, Roseville Realtor has a few things you should consider.  If you have more questions please call us (916)230-3880 or check us out at www. RosevilleAndRocklin.com

Roseville Realtor on Short Sale Liens

Video Blog (vlog) by REALTOR® Jennifer Klein: If you are buying or selling a short sale. Make sure you are aware of every thing that may come up,  whatever it is, it will need to be paid.  All liens will need to be satisfied.

Roseville Realtor: Buying a Short Sale

If you are considering purchasing a short sale, be sure to know how strong your offer is. Don’t assume that offerring list price is going to get your offer accepted… it may not be priced correctly.

Why agents may get sued for short sales…

A short sale by definition is the bank accepting less than what the seller owes. It’s not traditional and definitely an ever changing science. Just as in any situation there are people taking advantage of distressed homeowners, which in turn effects banking institutions. Let me site an example to help understand where problems might lie [...]

Fannie Mae and Freddie Mac

Did you know that who your mortgage servicer is may not be as important as WHO the mortgage holder is? For example your loan may be serviced by Bank of America or Wells Fargo, but the owner of the mortgage maybe Fannie Mae or Freddie Mac.

Life after a short sale

Often I’m asked how soon after I short sale can I purchase a home?

Second Mortgages Fight Back! Do you have one or two loans?

Are you considering a short sale? Did you know that if you only have one loan on your home, the short sale process can be simpler? Or, if you have two loans with the same bank, that’s doable as well. Until recently even if your home had two loans from different banks on it, your short sale had hope.

Wells Fargo/Wachovia Streamline Sacramento Short Sales

After today’s training with Wells Fargo/Wachovia, I have a new respect for Wells Fargo Bank. I also know now that the banks can and should be doing more to facilitate short sales. Granted, their system has some loopholes and caveats, but I do see an effective and efficient system, which is more than any bank can say at this point. Here are the highlights:

California Mortgage Forgiveness Act, sunshine amid the rain.

Amid all this rain, there is sunshine! Yesterday the California Mortgage Forgiveness Act was signed, which is great news for homeowners. Those who were previously hesitant to short sale their homes due to the potential state tax to be incurred, can now exhale.

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