short sales dutchess county

The new Loan Modification Plan may be hurting some investors while helping others. First lien holders are complaining that they have lost priority under the new Making Home Affordable program. Many investors believe the program could help the housing market but they also want to share the losses with second lien holders. One report suggested [...]

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Short sales are already picking up in the distressed-property market, and the trend is expected to explode in coming weeks, when the government starts handing out cash to encourage lenders to close these deals. “Banks have ramped up short sale approvals,” said Duane Legate of House Buyer Network. “They’re hiring a lot of the people [...]

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Property flips are legal if done correctly in an open and transparent manner. Legitimate, solid sources have documented their changes recently. Wells Fargo, Bank of America and now FHA, all have acknowledged Legitimate Property Flips. Banks are finally catching up with the market and opening up their guidelines to allow more investors to revitalize the [...]

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The Obama administration continues to search for a solution for homeowners facing foreclosure, the reality of the situation is only about 4 percent of these at-risk homeowners receive long-term mortgage help, according to a recent report by CNN.com.  Nearly 2 million housing units in the U.S. are in foreclosure or are bank-owned, and more are [...]

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