ShortSaleWealth.com

Recently, U.S. home seizures rose a record 38 percent as banks processed backlogs.  A record 269,962 U.S. homes were seized from delinquent owners in the second quarter as lenders set a pace to claim more than one million properties by the end of 2010, according to RealtyTrac Inc.  Home seizures climbed 38 percent from a [...]

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Apparently, Fannie Mae has decided to change up the rules a bit.  Now borrowers who are facing foreclosure have a little different set of rules as to when they can expect to be able to qualify for another loan and purchase another house.

Check out the new guidelines at
https://www.efanniemae.com/sf/guides/ssg/annltrs/pdf/2010/sel1005.pdf
Then let me know what you think [...]

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My good friend Devon Andrich is a real estate attorney who lives in Phoenix, Arizona. I’ve known him since I was 17; we worked together flipping pancakes at Bob Evans. Sometimes it’s hard for us to believe how far things have come in a relatively short period of time.
When I was spoke in [...]

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We all know that many people around the country are struggling financially, many are even facing foreclosure. Terry Hoskins found himself in this same position, but he took a different tack. Now, in addition to facing financial problems, he may be looking at jail time.

So what you think? Did Terry do the [...]

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Check out this quick video on how to make sure none of your properties ever get broken into again!

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WASHINGTON – Dec. 1, 2009 – The Obama Administration, through the Treasury Department, announced new housing guidelines yesterday. While a series of announcements highlighted different programs, the National Association of Realtors (NAR) focused on changes that will make it easier for real estate associates to deal with short sales and “deeds in lieu of foreclosure.”
The [...]

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By: Pete Young
In my latest deal that closed on Friday, there were many things
that happened from the inspection that most of the people doing
rehabs might have overlooked. Part of my teaching style in my
systems and live events is to teach you things that you would
not have realized on your own.
Sometimes you must look very [...]

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Hi!
I just got involved in a conversation between two of my students regarding door knocking. One of my students, David Martin, had a VERY good response, and I thought I would share it with each of you. My little free tip for the day. Enjoy.
QUESTION:
I am searching for some input. I know [...]

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There’s a new wave of foreclosures coming, and it’s bigger than expected.
While this news is upsetting to most, it’s an excellent opportunity for us in the Short Sale business to continue to create win-win-win situations for us, homeowners, and lenders.
Click the Play button below, to listen to CNBC’s Diana Olick report [...]

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I recently heard a story of a man in San Diego who is in serious trouble with his mortgage.  Even though this man makes a good living (and combined with his wife’s, are well above average), this time he really thinks he’s in trouble.
This gentleman, a 63 year-old professional, refinanced his home for $618,000 at [...]

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