Helpfulinvesting.com

Because this has probably affected numerous agents out there right before trying to close a property, Short Sale Daily News wanted to update you on some revised Fannie Mae guidelines. This month, they issued a Selling Guide Announcement (SEL-2010-11) which says lenders are not required to pull a second credit report right before the loan closing. Fannie Mae has, instead, encouraged lenders to have processes in place for borrowers to disclose any changes in their financial situations throughout the loan…

RISMEDIA, August 31, 2010—Slow month? I’m sorry, slow year? As any agent knows, it’s tough out there in today’s housing market. But others around you are not only surviving, they’re thriving. So what is it that is keeping you from achieving success? Here are four potential reasons you’re not tapping into your potential.

The Economy
Okay, so this one is a given, really. With the housing market currently weighing down the entire economy, it only makes sense that…

On this week’s Preforeclosure Daily Grind “Tip of the Week” we tackle the latest way that Litton Loan Servicing is handling their loan modifications. We cover how they deal with sellers, agents and third party loss mitigation companies when they are servicing the 1st mortgage. We also go over what they are doing when they are servicing a 2nd loan and what debt collection company they are working with. Chase’s new practice regarding sellers that miss one payment and…

RISMEDIA, August 30, 2010—(MCT)—Maria Olmo doesn’t like her chances of paying off her new, 40-year mortgage. “I’ll die before it’s paid off,” said Olmo, who got her 30-year mortgage modified because she was at risk of losing her home to foreclosure. “This is the most ridiculous thing I’ve heard in years. They didn’t take my age or my income into consideration.” Since last year, companies servicing delinquent mortgages have been under orders from the federal government to modify the loans…

RISMEDIA, August 25, 2010—If there’s one thing that time consistently does, it’s move forward. So, as this Great Recession continues to wear us down, it may be time to cast our eyes towards the horizon as well as take stock in what we’ve learned so far, three years into this latest economic slump.

Here are three lessons we have learned within the last three years, with a glimpse to what the future holds for the new real estate. …