Tag Archive: Tony McConkey Real Estate

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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