Freddie Mac Short Sales Increase

Stock Trader Talking about De-Listing Fannie Mae & Freddie Mac Stock

According to Freddie Mac quarterly reports, Freddie Mac’s total losses were reported $84.4 Billion Dollars. The losses forced a directive from Freddie Mac’s conservator, the Federal Housing Finance Agency to de-list Freddie Mac’s and Fannie Mae’s common stock from the New York Stock Exchange. Ed Haldeman, Freddie Mac’s CEO said the number of Freddie Mac… Read More

Short Sale – Almaden Valley Townhome Sold

1108 Trevino Terrace San Jose CA 95120

Almaden Valley Townhome – Short Sale Sold $525,000 1108 Trevino Terrace, San Jose, CA 95120 Submitted Short Sale Package to SunTrust on December 19, 2009 Two Loans – 1st with SunTrust; 2nd with Wells Fargo – SunTrust Servicer Purchase Offer $460,000 SunTrust valuation came in at $580,000 Listing Agent disputed BPO Valuation Short Sale Approved… Read More

Fannie Mae and Strategic Defaults

Fannie Mae

Fannie Mae wants borrowers to act in Good Faith in working out an alternative solution with the servicer. Simply walking away (“Strategic Default”) may subject a borrower to legal action to recoup the outstanding mortgage debt. This means, strategic defaulters may walk away from the property however under Fannie Mae’s new policy, in jurisdictions that… Read More

You lost your home – Really?

young girl crying

How does anyone lose a home? Aren’t they kinda big to lose? Afterall, a house is not like a set of keys … something a homeowner can misplace – right? While sitting at clients’ dining room table the other day their very upset 5 year old daughter interrupted her parents and said: “Mommie – I… Read More