Department of Housing and Urban Development (HUD) just released FHA loan guidelines for prospective borrowers who have experienced a short sale.  HUD sent a memo to all FHA lenders and underwriters explaining how to handle an FHA loan applicant with a short sale on their record. (Download the memo HERE).  This is great news for hundreds of [...]

Don’t be fooled…we’re not out of the woods yet. Although sales temporarily increased in November (and now spilling into early December), property values continue to decline nationwide. The $8000 tax credit deadline of November 30th pushed a large number of buyers off the fence and into the buying mode but it didn’t solve the real [...]

It’s here, the much anticipated plan from the Treasury Department on how to streamline short sales was announced on Monday, November 30th. Since the Making Home Affordable program has been a miserable failure thus far, the Obama administration has turned their attention from loan modifications to short sales as a way to solve the real [...]