Let The McConkey Team help you negotiate your DC Short Sales
Among the available foreclosure prevention tools, short sales are becoming the weapon of choice for servicers while the use of loan modifications has slowed, data from Fitch Ratings revealed. By Esther Cho, DS News For example, among bank…
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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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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 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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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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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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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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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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