DC Short Sales

New Bank Settlement To Benefit DC Short Sales

New deal announced Monday, provides an additional $8.58 billion from banks to settle claims that they wrongfully foreclosed on millions of homeowners and will directly benefit DC short sales. The settlement is in addition to a $25 billion settlement agreement…
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DC Short Sales – Summary Of New Guidelines

Fannie Mae and Fredie Mac are implementing changes to their guidelines for DC short sales Under the new guidelines going into effect, homeowners: with a Fannie Mae or Freddie Mac backed mortgage (most conventional loans), will be able to do DC…
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DC Short Sales Boom Due To Expiration Of Tax Break

DC Short Sales in a rush to beat the deadline A soon-to-expire tax break for troubled homeowners is helping drive a spurt in DC short sales.   Nationally, in the 3rd quarter ending Sept. 30, short sales have soared 22% over…
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Rules For DC Short Sales Are Changing

DC short sales will be affected by news rules from Treasury DC short sales were streamlined by the federal Home Affordable Foreclosure Alternatives progam or “HAFA”.  HAFA improved relations between banks and property owners trying to sell their property through…
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DC Short Sales Negotiation

Don’t rely on on-the-job training with your DC Short Sales. The listing agent is key to the short sale negotiation and experience is important for your DC short sales to sell smoothly. If the listing agent prices the home poorly…
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DC Short Sales Opportunity May Be Ending

Many DC Short Sales Waiting On Congress UPDATE 12-12-12: Treasury To Announce New Rules DC short sales have increased significantly in the last two years.  If you have considered buying or selling a short sale property the time may never…
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Government Announces $25B In Mortgage Relief To Help DC Short Sales

On February 9, 2012, the federal government announced a $25 billion settlement with the nation’s largest banks to provide relief for property owners struggling to pay their mortgages. The settlement arises in connection with claims of foreclosure abuses by the…
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