Washington, DC — The Federal Housing Finance Agency (FHFA) has directed Fannie Mae and Freddie Mac to develop enhanced and aligned strategies for facilitating short sales, deeds-in- lieu and deeds-for-lease in order to help more homeowners avoid foreclosure. The effort will come in stages with the first taking place this June. The new, aligned timelines …

We have all heard the term “short sales” yet oddly enough there’s typically nothing short about them, at least as far as time is concerned. That may soon be changing. Fannie Mae and Freddie Mac, the nations two largest mortgage backers will implement some changes come June 15th 2012. The changes require mortgage servicers to …

We have all heard the term “short sales” yet oddly enough there’s typically nothing short about them, at least as far as time is concerned. That may soon be changing. Fannie Mae and Freddie Mac, the nations two largest mortgage backers will implement some changes come June 15th 2012. The changes require mortgage servicers to …

With nearly half the homes in Minnesota being sold as either short sales or foreclosures there’s no doubt Minnesota Short Sales will be here to stay for some time yet. Is a short sale right for you and what is it? A short sale occurs when your property is sold for less than what is …

With nearly half the homes in Minnesota being sold as either short sales or foreclosures there’s no doubt Minnesota Short Sales will be here to stay for some time yet. Is a short sale right for you and what is it? A short sale occurs when your property is sold for less than what is …

Heading to foreclosure? A short sale may be a perfect fit for you. Take a look at our short sale video which explains, in summary, how a short sale works. If you still have any questions about short sales feel free to contact me at 612-282-SOLD Derrick Contact Our Short Sale Team

It wasn’t to many years ago that the words “short sale” were not a household term, well times sure have changed. The short sale process has become popular all over the country, here in the Minneapolis Real Estate market where I work we had 802 lender owned (bank owned) pending sales in January 2011 and …

Chances are you either know someone who is or you yourself have been involved in a short sale or foreclosure, that’s the sad truth of the times. I would also say that from the turn of the economy to now many banks are much better than they were and systems are being implemented to save …

Attorney General Lori Swanson along with six other state regulators are looking into allegations that some large lending institutions let employees routinely sign off on foreclosure affidavits without actually reviewing them or verifying accuracy. Last week, Bank of America, Chase and GMAC Mortgage halted foreclosures in 23 states but Minnesota was not included. The positive …

Up to now, many short sales — in which the lender accepts a sale of the property for less than the full amount owed — have taken months to complete. Sometimes, the complex and lengthy process has failed, resulting in foreclosure. HAFA establishes streamlined short sale rules and incentives borrowers and lenders to work together …