WASHINGTON DC - Freddie Mac just released information indicating that short sales are up 600% from just 2 years ago.  This statistic is remarkably powerful considering that 2008 was a record year for short sales.  As anticipated (and predicted by this author), short sales continue to rise at astonishing rates.  Anyone NOT investing in short sales [...]

Has mortgage servicing behemoth Bank of America clearly defined their policy on how they handle the short sale deficiency?  When a short sale is complete, the loss the bank experiences, also known as the short sale deficiency, has always been a very dicey subject. “What happens to the difference?” is the most common question a [...]

One the most in demand concepts in real estate investing is how investors should work with agents. This memorial day weekend, I would like honor those military men and women who have served this country, protected our great nation and preserved the freedoms most of us take for granted by providing free access to [...]

A very reputable publication, the San Francisco Chronicle, recently posted a story on their website that is a true sign of the times; “Your Mortgage: When It’s Time to Walk Away.”  Wow.  Only in America.
This comes on the heels of a new government initiative to incentivize and streamline short sales.  The new HAFA (Home Affordable Foreclosure [...]

Nearly 50% of all home purchases are distressed properties, either a foreclosure or a short sale, according to the latest Campbell/Inside Mortgage Finance Monthly survey of real estate market conditions.  What is so fascinating about this finding is that just a few months ago, in November of 2009, this figure was 37%.  What has caused this rapid rise in [...]

ORLANDO, FL - It was quite an honor to be asked by the folks at Rich Dad to speak on the subject of Short Sales and Foreclosures at their Annual Forum last week.  It was four days of 12 hours a day intense real estate investing education.  I feel like I met and spoke with just about everyone of [...]

Actor celebrity Brian Austin Green (Former 90210 star and now dating screen siren Megan Fox) is selling his home on a short sale. He purchased the home at the height of the market in 2006 for nearly $2,000,000 borrowing almost the entire purchase amount which created a monthly mortgage payment of nearly $70,000 per month. [...]

You’re not going to believe which organization just had to sell their headquarters building on a short sale.  This is so embarrassing.  Ready for this?
The Mortgage Banker’s Association.
No, this is not a joke.  The Mortgage Banker’s Association (MBA), sold its Washington, DC headquarters building on a short sale for $41.3 Million, a little more than half the $79 Million they [...]

Banks across America are mounting a hiring surge right now.  Why?  They are gearing up for what lies ahead…more defaults, more short sales and more foreclosures.  Collectively, the big 4, including Bank of America, Chase, Wells Fargo and Citi have recently added over 17,000 new employees to their payroll to help manage the volume of loan modification [...]

HUD announced Friday that the 90 day title seasoning requirement on FHA, Fannie Mae and Freddie Mac loans will be waived beginning February 1, 2010 for one year.  This is the greatest news to hit the real estate investing world in the past 20 years.  I’m sobbing from jubilation, trying to wipe back the tears as I type.   [...]