You don’t have to wander far on Google or Yahoo to find someone claiming to be able to do short sales quicker than greased lightning. But is there any truth behind those claims? Some, maybe, but there’s also a marketing aspect involved. It’s all in how you tell the tail. For instance, I recently closed [...]
A new rule created by the FTC to protect Idaho homeowners from mortgage debt relief scams may have an impact on real estate professionals helping clients with short sales. In a nutshell the rule bans all upfront fees for renegotiating mortgage terms and mandates some disclosures are made to consumers if a short sale is [...]
Okay, sometimes it’s your lender(s), I’ll let you have it, but it’s not the top reason I see failed short sales in Boise, Idaho. As a full time agent, I’ve done my fair share of short sales and in my initial consultations with clients they are always surprised to hear what causes most short sales [...]
Is a “buy and bail” worth your time in jail Okay, maybe the rhyming title doesn’t make it sound as serious as it is, but if you’re considering this approach to escaping your underwater mortgage in Idaho, you should think twice. If you haven’t heard of the “buy and bail” approach, here’s the down and [...]
The Idaho Housing and Finance Association has received approval from HUD to begin administering the 13 million dollar Emergency Home Loan program. ELHP is designed to help Idaho homeowners who are currently unemployed or are under employed (loss of at least 15% of income) and are at risk of foreclosure cover mortgage payments while [...]
Arguing with your lender over lost loan modification or short sale documents is as useful as a trap door on a canoe As someone who spends a lot of time on the phone with lenders negotiating short sales through their various stages, I can tell you that dealing with lost short sale documents is something [...]
In Idaho, the number one deal killer for short sales is time; the time it takes from date an offer is made to recieving an approval from the seller’s lender(s). Well good news for troubled Idaho homeowners trying to avoid foreclosure and the buyers trying to help them out mat be on the way. A new bill [...]
Financial Insight Center, finacial advisor, and Watching Idaho’s Money radio host, Brian Wiley and Keller Williams Boise, real estate agent, Brian Brumpton discuss short sales, foreclosures, and loan modifications in the Boise Area. Listen along as they talk about the realities of a distressed market and the issues buyers and sellers are dealing with.
Homeowners in Boise, Idaho who have fallen behind on their mortgage payments may have heard horror stories about the length of time short sales can take. Programs like HAFA (Home Affordability Foreclosure Alternative) were created to help speed up that process. But what about troubled homeowners who don’t qualify for the HAFA program?
All is not lost; Bank of America has created a created a cooperative short sale program to help Boise, Idaho homeowners who many not qualify for any of the government sponsored programs. While their first priority is to keep owners in their homes with a loan modification or another remedy, sometimes “short sales” truly are the best option.
Boise, Idaho Short Sales and Foreclosures Financial Insight Center, financial advisor, Brian Wiley with Boise real estate agent, Brian Brumpton, on Watching Idaho’s Money Financial Insight Center,financial advisor, and Watching Idaho’s Money radio host, Brian Wiley and Keller Williams Boise, real estate agent, Brian Brumpton discuss short sales, foreclosures, and loan modifications in the Boise [...]