Short Sales & Foreclosures Archive

To Speed Short Sales, Work With Fannie Mae from the Start

Problems getting action on short sales aren’t in the news as much as they were a few years ago but they remain a stumbling block to business and efforts to speed up processing are still needed. Fannie Mae is...
June 6, 2013

Selling a Foreclosure? Don’t Ignore the Tenant

The foreclosure crisis is easing but chances remain good that you’ll continue to list and sell foreclosures for a while. If you’ve had tenants in some of the foreclosures you’ve already sold than you’re probably familiar with that 2009...
April 10, 2013

Foreclosure Settlement: Billions to Owners

The $25 billion settlement between the U.S. government and state attorneys general and the country’s five biggest banks for foreclosure processing problems that came to light about 18 months ago gives lenders three years to provide financial relief to...
February 10, 2012

Les Miserables

By Katherine Tarbox, Senior Editor, REALTOR® Magazine The “Occupy” movement on Wall Street and in cities around the country (and throughout the world) has drawn people with a wide range of grievances—signage shows protesters demonstrating against war, immigration policy,...
October 25, 2011

Are Your Short-Sale Clients Colluding?

By Robert Freedman, Senior Editor, REALTOR® Magazine A few months ago we heard from real estate practitioners about a short-sale contract addendum that lenders were requiring of borrowers to curb fraud, so we talked with David Sunlin, Bank of America...
August 29, 2011

Short-Sale Addendum Aims at Fraud, BofA Says

By Robert Freedman, Senior Editor, REALTOR® Magazine Bank of America has started requiring buyers and sellers to sign an addendum to its short-sale agreement. The addendum has raised some questions among real estate sales associates and brokers, so to...
June 14, 2011

Webinar: BofA Talks Credit Standards, Short Sales

NAR President Ron Phipps and NAR President-elect Moe Veissi will talk with three Bank of America Home Loans executives on the state of home finance, credit standards, and the latest on short sales in a free, hour-long webinar on...

Mass. Court’s Ruling Could Be a Harbinger of More Foreclosure Hold Ups

By Brian Summerfield, Online Editor, REALTOR® Magazine A decision this afternoon from the Massachusetts Supreme Court could have huge implications for future foreclosures. In a unanimous decision, the jurists rejected Wells Fargo and US Bancorp’s attempted seizure of two...
January 7, 2011

Could Wikileaks Stall Foreclosures Even More?

By Brian Summerfield, Online Editor, REALTOR® Magazine Wikileaks, the online “dump” for secrets of large, important organizations, is in the news again, this time for its planned “megaleak” — 5 gigabytes’ worth, to be precise — of sensitive, private...
December 2, 2010

Foreclosure Freeze: Your Questions Answered

By Stacey Moncrieff, Editor in Chief, REALTOR® Magazine Nearly 800 people attended REALTOR® Magazine’s October 28 webinar regarding recent foreclosure freezes by several national lenders.  Since that session, media attention on the freeze has waned a bit. However, delays and buyer...
November 3, 2010