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.
Boise homeowners receive little help from Home Affordable Modification Program (HAMP)
As the number of Boise, Idaho homeowners seeking an alternative to an impending foreclosure have grown, programs like HAMP have provided little if any relief. The lengthy wait times for mortgage servicers to respond and the mounds of lost paperwork have added up to little in the way of Boise homeowners receiving loan modifications…
The year of the short sale in Idaho
Short sales are up. How far up? Well there are litterally so many short sales that nationally it has been proclaimed that 2010 is the year of the short sale. Freddie Mac on Monday announced it losts 6 billion from April to June and requested another 1.8 billion in federal aid. “In a sign that 2010 is the “year of the short sale” for the GSE, the number of short sales completed by Freddie Mac totaled 22,117, up nearly 180% from 7,914 in the first half of 2009″ (Kilgore, 2010).
Private Mortgage Insurance (PMI) – Who does it cover?
HopeForIdaho helps a lot of clients out with short sales and a common question we get is “I have Private Mortgage Insurance (PMI) so they cover me if I default right?” Not quite, read on for an explanation of who it covers in Idaho…
Fannie Mae / Freddie Mac – No help for underwater loans
According to the White House Fannie Mae and Freddie Mac will not be ordered to forgive mortgage debt for underwater homeowners; despite rumors the rumors circulating Washington D.C. to the contrary. “The administration is not considering a change in policy in this area,” said Treasury spokesman Andrew Williams. This is probably not the news troubled [...]
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- Realtors and Short Sales
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Boise homeowners receive little help from Home Affordable Modification Program (HAMP)
- How Mortgages Go Underwater
- Short Sale vs. Foreclosure
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Boise homeowners finding alternatives to just letting the bank foreclose
- Idaho Short Sales – Not as easy as some make it look
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Scammers and real estate agents beware; FTC’s new rule is a dog with a bite
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The top reason Idaho short sales don’t close…it’s not your lender.
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“Buy and bail” not any better than a short sale
- Avoid foreclosure with IHFA’s Emergency Home Loan Program
