My Shortsale

Tax Help for Underwater Homeowners

myshortAdmin — Wed, 27 Mar 2013 13:21:44 +0000

(FoxBusiness.com) By: Gail Buckner

The Government and Short Sales

myshortAdmin — Fri, 22 Mar 2013 19:43:22 +0000

Recently, many legislators have stepped up and are taking a stand on short sales. As reported by Realty Trac, the banks are now more willing than ever to approve short sales, but are they taking too long to give approval? Legislators Tom Rooney of Florida, Robert Andrews of New Jersey and Sherrod Brown of Ohio all agree, banks are taking too much time and they each have suggested new legislation to get the short sale ball rolling.

RealtyTrac: Homes repossessed by banks fall in February to lowest level since 2007

myshortAdmin — Mon, 18 Mar 2013 17:31:38 +0000

(FoxNews.com) By Associated Press.

While the nation's foreclosure woes persist, new data show they're easing amid a resurgent housing market, rising home prices and efforts by some states to buy homeowners more time to avoid losing their homes.

Programs save 1.5 million homeowners: Obama Housing Scorecard

myshortAdmin — Thu, 14 Mar 2013 19:25:53 +0000

(www.housingwire.com) By Christina Mlynski.

Short Sales Becoming Even Shorter in 2013

myshortAdmin — Mon, 11 Mar 2013 20:21:55 +0000

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Over the past 2 months the news has been buzzing with new programs to help shorten the length of short sales. From Fannie Mae, to state legislators, to JP Morgan Chase, it seems like everyone has the same goal for 2013.

In February, Fannie Mae released the The HomePath for Short Sales Tool. This tool was developed specifically for the agents benefit. It will allow agents to communicate directly with Fannie Mae with any questions they may have in addition to recommending list prices prior to listing the property. Overall, the goal of the HomePath for Short Sales tool is to help improve the communication between agents and Fannie Mae, shortening the length and benefiting the entire short sale process.

Help for Underwater Homes

myshortAdmin — Thu, 07 Mar 2013 17:07:30 +0000

(The Wall Street Journal) By CONOR DOUGHERTY

The number of American homes that end up in for

This week in short sale news…

myshortAdmin — Fri, 01 Mar 2013 20:48:52 +0000

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This week we have seen a lot of news surrounding the short sale market, here is your week-end wrap up….

1) The reports are in! Q4 of 2012 showed a major decrease in foreclosures. Foreclosures starts were down to the lowest level since the second quarter of 2007. Currently foreclosures only represent .7 % of loans as compared to Q4 of 2011 where they represented .99% of loans. http://www.dsnews.com/articles/mba-delinquency-rate-falls-in-q4-foreclosure-starts-at-lowest-level-since-2007-2013-02-21

MBA Servicing: Short sales stay popular for next two years

myshortAdmin — Wed, 27 Feb 2013 16:15:02 +0000

(HousingWire.com) By Megan Hopkins In a panel session at the Mortgage Bankers Association’s National Conference & Expo, three industry professionals voiced their opinion on whether or not short sales will be a driving force behind the housing recovery.

New Short Sale Tool From Fannie Mae

myshortAdmin — Fri, 22 Feb 2013 21:21:12 +0000

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Fannie Mae has just announced a new tool to improve the short sale process. In the past, short sales at myshortsale.com have been a quick, easy process, as compared to the rest of the industry. But now, short sales can be even faster. With the release of The HomePath for Short Sales Tool, agents will now be able to communicate directly with Fannie Mae. The tool is multifunctional; it will not only help to solve challenges but also will be used by agents to receive a recommended list price from Fannie Mae before listing the property. Some challenges that can be answered by The HomePath for Short Sales include, valuation disputes, delays by servicers or uncooperative subordinate lien holders.

RealtyTrac: Short Sales Up 33% in January, Outpace REO Sales in 12 States

myshortAdmin — Mon, 18 Feb 2013 14:23:48 +0000

(DSNEWS.COM) With the number of short sales increasing and even outnumbering REO sales in certain states, experts are speculating short sales might become key to preventing an even greater swelling of foreclosed properties on the market.

Compared to a year ago in January 2012, pre-foreclosure sales, which are typically short sales, increased 33 percent, according to a RealtyTrac report released Thursday.

Short sales even outpaced bank-owned REO sales in 12 states, including Utah, California, Arizona, Florida, Indiana, Colorado, New York and New Jersey.

Also, 32 states saw annual increases in pre-foreclosure sales, with the top five being Georgia (+113 percent), Michigan (+90 percent), Wisconsin (+77 percent), South Carolina (+76 percent) and Utah (+70 percent).