Fannie Mae released a report this month, informing that there are simplified waiting periods for those distressed borrowers that have a prior derogatory credit event in their past, such as a: foreclosure, bankruptcy, preforeclosure sale (short sale), or deed-in-lieu of foreclosure.Continue reading →
Those former homeowners who lost their home due to a foreclosure or a short sale a few years ago are now beginning to buy once more.
“Boomerang buyers who lost a home to a foreclosure or short sale between 2007 and 2013 are projected to make about 10 percent of all U.S. home purchases in 2014, according to John Burns Real Estate Consulting (JBREC)…According to JBREC, the number of boomerang buyers will increase in 2015 and 2016 as more former owners become eligible for new loans.” (“After losing their homes in the foreclosure crisis, boomerang buyers are back“, The Washington Post).
The map below displays all Berkshire Hathaway HomeServices affiliates and their location in the U.S. The La Mesa/El Cajon Berkshire Hathaway HomeServices California Properties office is located in the bottom left-hand corner of the map.
Stop by the office; it’s located at 9555 Grossmont Summit Dr, La Mesa, CA!
Will the Federal Mortgage Debt Relief Act be extended for another year in 2014?
Yes. The Mortgage Debt Relief Act (MDR) will be extended. The National Association of Realtors (NAR) is working with the lawmakers to get the MDR extended for at least another year. Here are the details for you: Continue reading →
Time for nervous anticipation. You’ve found the home you want, and your Berkshire Hathaway HomeServices California Properties Sales Professional says you need to act fast. Yet you want to be as calm and objective as possible. The expertise A Berkshire Hathaway HomeServices California Properties Sales Professional can give you at negotiating time is priceless.
Serving you as my client is about creative problem solving! What’s your situation? I can help!
Because of my years of short sale experience, I had the honor of being featured in a recent National Association of Realtors’ article:
“Sure, being known as an expert can set you apart. But if you have to tell people you’re an expert, you probably aren’t one. Here are some tried-and-true tips for practitioners looking to gain the expert advantage…