New Housing Crisis On The Horizon: HELOC Repayment

A Great Year to Sell! Short Sale Solutions

New Housing Crisis On The Horizon: HELOC Repayment

Short Sale Solutions

Now that the mortgage crisis is in the rearview mirror, there is a new problem that lies ahead… repayment of the Home Equity Line of Credit (HELOC). The interest only HELOCS that were taken out about a decade ago are now about to reach the 10-year point where borrowers will need to begin repaying the principal amount that is owed as well as interest.

Now that the HELOCS are on the horizon, homeowners also … Read More

Top 3 Things to Keep in Mind When Dealing With TRID

Top 3 Things to Keep in Mind When Dealing With TRID Short Sale Solutions

Top 3 Things to Keep in Mind When Dealing With TRID

Short Sale Solutions

TRID, also known as the TILA-RESPA Integrated Disclosure Rule, will come into effect Oct. 1, 2015, and will bring a highly anticipated change to real estate transactions.

TRID is geared toward making mortgages more transparent and easier for consumers, but there will be a learning curve that many people within the industry are afraid of.

There are 3 things to keep in mind when dealing with TRID:

1. The old forms … Read More

Freddie Mac Introduces New Website to Help Distressed Homeowners

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Freddie Mac Introduces New Website to Help Distressed Homeowners

Short Sale Solutions

Freddie Mac has launched a brand new website designed to help homeowners with any questions they may have when dealing with foreclosure. This new website is called “MyHome by Freddie Mac” and it is geared to help inform homeowners about the potential options are available to them when faced with a foreclosure.

There are many options that are available to them that involve home retention programs and home forfeiture programs. Forbearance, … Read More

Non-Foreclosure Solutions Still the Best Bet

Non-Foreclosure Solutions Still the Best Bet - Short Sale Solutions

Non-Foreclosure Solutions Still the Best Bet

Short Sale Solutions

Completed foreclosures are getting outpaced by non-foreclosure solutions by 5:1. This number continues to decrease along with serious delinquencies.

According to HOPE NOW, “the number of non-foreclosure solutions, which include loan modifications, short sales, deeds-in-lieu of foreclosure, or other workout plans completed by the industry totaled 153,000 for April, compared to 32,000 completed foreclosure sales during the month.”

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 … Read More

7.9 Million Homes Are Still Underwater!

7.9 Million Homes Are Still Underwater! - Short Sale Solutions

7.9 Million Homes Are Still Underwater!

Short Sale Solutions

  • The peak underwater mortgage period was back in 2012, but the number is down by about half in 2015, to 15.4 percent of mortgages or 7.9 million homes.
  • 11.8 percent of those homeowners, or 930,000, owe twice or more what their homes are worth.

7.9 MILLION HOMES ARE STILL UNDERWATER!  Short Sale Solutions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Source: Huffington Post

7.9 MILLION HOMES ARE STILL UNDERWATER!

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Completed Foreclosures Still Elevated Despite Decline

COMPLETED FORECLOSURES STILL ELEVATED DESPITE DECLINE Short Sale Solutions

Completed Foreclosures Still Elevated Despite Decline

Short Sale Solutions

Completed foreclosures, homes lost to foreclosure, have declined by 20 percent year-over-year in April 2015. Even though they have decreased since last April, they remain elevated at roughly 40,000 completed foreclosures.

“Despite a slow and steady improvement in most housing market fundamentals, too many families remain in default of their mortgage obligations,” said Anand Nallathambi, President and CEO of CoreLogic. “The percent of homeowners with a mortgage that have missed three or more monthly payments or … Read More

Down Payment Assistance Programs For Homebuyers

Down Payment Assistance Programs For Homebuyers Short Sale Solutions

Down Payment Assistance Programs For Homebuyers

Short Sale Solutions

Dottie Sheppick goes into depth regarding what type of programs are available for homeowners looking to receive assistance on their down payment. You don’t necessarily need to be lower-income to qualify for it. Many programs are available for those in the upper income limits.

DOWN PAYMENT ASSISTANCE PROGRAMS FOR HOMEBUYERS  Short Sale Solutions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Source: RISMedia.com

 

Down Payment Assistance Programs For Homebuyers

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Housing Sales Roller Coaster

A MORE DIVERSIFIED HOMEBUYER MARKET Short Sale Solutions

Housing Sales Roller Coaster

Short Sale Solutions

Tim Rood discusses the challenges of Millennials choosing the renting route over being homeowners. Many factors come into play and he outlines them in this interview.

 

 

Source: DSNews.com

Housing Sales Roller Coaster

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Short Sale Rescue Team

Give Us Your Worst Short Sale File! Let Us Save It!

Call Short Sale Solutions today!
(949) 340-5453

Trustee Sale date approaching quickly? Are liens or judgments leaving you at a standstill? Do you have an ugly short sale file that needs some serious attention? Let us help!

A little more about Short Sale Solutions:

  • We handle everything from the beginning until escrow closes!
  • We work directly with the seller to collect their documents, push it through the bank’s system, and coordinate with escrow
Read More

Delinquency Looms for Consumers in the HELOC End-of-Draw Phase

DELINQUENCY LOOMS FOR CONSUMERS IN THE END-OF-DRAW PHASE OF HELOCS

Short Sale Solutions

Delinquency Looms for Consumers in the HELOC End-of-Draw Phase

Short Sale Solutions

DELINQUENCY LOOMS FOR CONSUMERS IN THE END-OF-DRAW PHASE OF HELOCS  Short Sale Solutions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Source: DSNews.com

Delinquency Looms for Consumers in the HELOC End-of-Draw Phase

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