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Fannie Mae and Freddie Mac are taking steps to attempt to stop double closings on the basis that options contracts are removing short sale properties from the marketplace thereby preventing lenders from mitigating their losses.

Short Sales & Loan Modifications: A Practical Guide For Real Estate Agents & Investors This book will guide real estate agents to find, list, process, draft professional proposals, & negotiate a short sale. Designed for the beginner, this book will also help experienced agents to better understand lenders and secondary market investors, complete a legal Continue reading...

A lot of people think that just because they have E&O insurance, they are fully protected from liability. Not so! First, there are many lawsuits across the country involving short sales and loan modifications. They are on the increase. If you are sued, it will cost your time, and time away from your business is Continue reading...

I read an article today in the Mortgage News Daily (click here for that article). The author provided quote after quote of stories of woe over the delays of short sale approvals or rejection, the inability to talk to the negotiators, and a stated frustration over spending a couple hours a day trying to push Continue reading...