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9/6/2010 12:00 AM

The Sacramento Bee this weekend said what I have been saying for years -- that buyers are not relevant to a short sale. I regularly receive emails from distraught buyers all over the country, pleading with me to help get...Read More

Fannie Mae Launches Foreclosure Help

9/3/2010 12:00 AM

The nice thing about Fannie Mae's new website, Know Your Options, is the talking head speaks only one sentence before giving you the option to click "continue." So, if you're at work and you click on this site without adjusting the volume control, you don't need to cl...Read More

Cash-in Refinances Are on the Rise

9/1/2010 12:00 AM

Lots of borrowers lately, says the New York Times, are opting to do a cash-in refinance. As opposed to a cash-out refinance, in which a borrower pulls money out of their home and blows it on a European vacation or c...Read More

The Rules Are Strict for a Condo Loan

8/30/2010 12:00 AM

If you're not paying cash, then you're definitely getting a condo loan to finance a condo.

8/27/2010 12:00 AM

In a story reported by the LA Times last week, the Federal Reserve, as expected, banned the practice of lenders paying brokers yield spread premiums in exchange for getting borrowers to take out higher interest rate loans....Read More

Bank of America To Roll Out Cooperative Short Sale Program

8/25/2010 12:00 AM

An unnamed source at Bank of America has verified the buzz throughout the short sale community. He says it is true. Bank of America is rolling out a new program designed to approve short sales in two weeks. Some ag...Read More

California First Mortgages to be Exempt from Deficiency Judgments After a Short Sale

8/23/2010 12:00 AM

A quiet little bill with huge implications for short sale sellers in California, Senate Bill 931, passed unopposed last week and is headed for the Governor's desk.

I guess media eyes ...Read More

Volume of Short Sales Triple Since 2008

8/20/2010 12:00 AM

The Los Angeles Times chased down a report released last week by Core Logic that projects short sales will mushroom in 2010. It says short sales have tripled in the Sunbelt over the past several years. A short sale happens...Read More

Are Cheap Condos Worth Buying?

8/17/2010 7:05 PM

CNN scoured the Trulia website last week to find a bunch of cheap condos offered for sale for less than the cost of a new Prius....Read More

It's Hard to Sell a Unique Home

8/16/2010 12:00 AM

It's not difficult to sell a unique home if it sits in a neighborhood of unique homes, each with its own set of unique qualities.