Month: November 2012

A New Short Sale Program Could Help Homeowners

A new short sale program could help homeowners who face a possible hardship, are current on loan payments but owe more than their home is worth. A traditional short sale allows delinquent homeowners to sell the home for less than what’s owned. Under the new program, homeowners can contact their mortgage provider and ask to…




Some Updated Info from Freddie Mac on Short Sales

Freddie Mac, Mortgage Insurers Make Short Sales Easier To Process Starting November 1, 2012 By Freddie Mac Published: Wednesday, Oct. 31, 2012 – 8:34 am MCLEAN, Va., Oct. 31, 2012 – /PRNewswire/ – Freddie Mac (OTC:FMCC) today announced the nation’s nine mortgage insurance companies have signed delegation agreements so Freddie Mac servicers can approve short sales and deeds in lieu of…