Blog
Owner’s Title Insurance a Necessity
If you’re not telling your clients to get owner’s title insurance on purchases—especially foreclosures—you’re not doing your job. In today’s market, foreclosures are very prominent—and they come with a lot of potential issues. Owner’s title insurance is a onetime expense that can cover any title issue that may arise for the lifetime of the property.... Read More
No documentation loan can be a disaster for a short sale!!!
I hear agents at my training and seminars sessions all the time telling me that they get so close to a short sale approval and suddenly it is declined, because the seller got a no doc loan and they have no idea why. Well let me tell you why: A no documentation loan is one... Read More
Kiplinger: The Rise of Foreclosure Filings infographic
I found this infographic very interesting. Originally posted at Kiplinger.com. Click image to enlarge. Read More
Guidelines Aim to Ease Short Sales
Looks like the government has finally taken notice of the horrible job banks are doing with short sales, and have finally decided to step in and help make some changes. I think the most interesting part is that the government is saying that the homeowner must be released from any future liabilities, which if you... Read More
Vampire home hits the market
For the buyer who has a few million to spend, and loves vampire movies. 🙂 From the D.C. Examiner: Twilight fans can go home Hollywood style! CNN Money has announced that the original Edward Cullen home used for shooting the movie TWILIGHT is for sale in West Vancouver, Canada (Nov.18, 2009) CELEBRITY HOME FROM TWILIGHT... Read More
National Lender Goes Live With Equator Short-Sale Solution
Story courtesy of Mortgage Orb Equator, formerly known as REOTrans, says a “large national lender” has gone live with its recently launched short-sale module. A San Francisco Chronicle article from Wednesday indicates that Bank of America, in addition to adding to its short-sale staff, has adopted the Equator module. By adopting Equator, the lender is... Read More
The Moore-Brittingham Team Welcomes Nina Littleton!
The Moore-Brittingham Team is proud to announce the addition of real estate professional Nina Littleton! Nina brings over 10 years experience to our growing team of real estate professionals. Nina, in her own words: I am very energetic and highly motivated. I consider it a pleasure to serve my clients in either purchasing or selling.... Read More
FHFA Monthly House Price Index
From the Federal Housing Finance Agency website: WASHINGTON, DC – U.S. home prices fell 0.3 percent on a seasonally-adjusted basisfrom July to August, according to the Federal Housing Finance Agency’s monthly HousePrice Index. The previously reported 0.3 percent increase in July was unrevised. For the 12 months ending in August, U.S. prices fell 3.6 percent.... Read More
Ideal market for new investors
In the current market, investment properties are a better option than ever. Courtesy of Reuters News Service: U.S. property investors these days are smaller and say they are more willing to wait it out — a stark contrast from the fervent flipping and reckless borrowing that characterized housing investment a few years ago. Wall Street... Read More
Loss Mitigation Direct Contacts
I’ve compiled a list of loss mitigation phone numbers. You can get bounced around quite a bit when calling in dealing with short sales. Use this list of direct contacts to save you time and effort! Lender/Servicer Loss Mitigation Phone Numbers & Contact Information ABM AMRO Mortgage (800) 783-8900Web: https://www.mortgage.com/C3/application.bus Accredited Home Lenders(877) 683-4466 AMC... Read More