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FHFA Short Sale Guidelines for Fannie Mae and Freddie Mac Federal Housing Finance Agency (FHFA) Announces New Standard Short Sale Guidelines Effective 11/1/2012 for Fannie Mae and Freddie Mac to Expedite Assistance to Financially Distressed Borrowers. Many financially distressed homeowners who are facing foreclosure and considering a short sale finally have some good news to cheer. The Federal … [Read More...]
How To File A Complaint Against A Bank If your mortgage loan is serviced or owned (i.e. the “investor” on the loan) by one of the large national banks (see the partial list below), you can probably file a complaint against the bank at the Office of the Comptroller of the Currency (OCC) – Administrator of National Banks, which is a US government office set up as an independent bureau of … [Read More...]
Many financially distressed Middle Tennessee homeowners who are facing foreclosure and considering a deed-in-lieu of foreclosure, a Tennessee short sale or even bankruptcy have asked me how long they will need to wait to buy a home after foreclosure, short sale or bankruptcy. Waiting Periods to Buy a Home After Foreclosure, Deed-in-Lieu, Short Sale and Bankruptcy Since the answers are found in … [Read More...]
Government Subsidized Housing Recovery Already Failing According to this Real Estate Economy Watch article, Recovery Softens as More Markets End Year with Annual Price Decline, the government sponsored artificial housing market recovery has already begun to sputter. Despite the NAR's (National Association of REALTORS) reports earlier in the year that the housing market was recovering, the … [Read More...]
FHA In Financial Trouble: Bailout Likely Federal Housing Administration's Financial Problems Will Hurt Housing Prices According to this Wall Street Journal (WSJ) article, FHA Nears Need for Taxpayer Funds, the Federal Housing Administration (FHA) is in deep financial trouble, and as a result, the FHA will need a taxpayer bailout soon. It appears that the government propping of the housing … [Read More...]
Nashville Bennie Dillon Condo Bank of America Freddie Mac Short Sale Closing Nashville Tennessee Bennie Dillon Condo Bank of America Freddie Mac Short Sale Closing Jim McCormack, a Nashville, Brentwood, Franklin, Nolensville, Spring Hill, Thompson’s Station, Murfreesboro, Smyrna, LaVergne (La Vergne), Antioch, Columbia, Mt. Juliet (Mount Juliet), Springfield, Gallatin, Hermitage, … [Read More...]
Columbia Rolling Fields Bank of America Fannie Mae Short Sale Closing Columbia Tennessee Rolling Fields Bank of America Fannie Mae Short Sale Closing Jim McCormack, a Nashville, Brentwood, Franklin, Nolensville, Spring Hill, Thompson’s Station, Murfreesboro, Smyrna, LaVergne (La Vergne), Antioch, Columbia, Mt. Juliet (Mount Juliet), Springfield, Gallatin, Hermitage, Hendersonville, … [Read More...]
Spring Hill TN Reserve At Port Royal Bank of America FHA Short Sale Closing Spring Hill TN Reserve At Port Royal Bank of America FHA Short Sale Closing Jim McCormack, a Nashville, Brentwood, Franklin, Nolensville, Spring Hill, Thompson’s Station, Murfreesboro, Smyrna, LaVergne (La Vergne), Antioch, Columbia, Mt. Juliet (Mount Juliet), Springfield, Gallatin, Hermitage, Hendersonville, … [Read More...]
Jim McCormack, a Nashville-Middle Tennessee Short Sale Expert was able to get this Murfreesboro Tennessee (in Northmark) Bank of America (Fannie Mae) short sale listed and closed despite 3 bad valuations by the short sale bank. Jim was also able to get this Murfreesboro TN (in Northmark) Bank of America (Fannie Mae) short sale sold and closed due to the following reasons: Proper research … [Read More...]
Why A Short Sale Buyer Must Commit To Buying A Nashville Area Short Sale Property I specialize in Nashville Tennessee short sales. With short sale listings (and any listing) there is significantly more to the offer than just the purchase price. I always recommend that my Nashville Tennessee short sale clients accept the most qualified offer, which is not necessarily the highest offer. Many times … [Read More...]
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