by Heather | Aug 29, 2012 | C.A.R., NAR, TSBOR, TSMLS
Recent changes were announced by the Federal Housing Finance Agency (FHFA) that will align guidelines for Fannie Mae and Freddie Mac short sales and allow lenders and servicers to quickly and more easily qualify borrowers for a short sale. Here are some specific...
by Heather | Apr 23, 2012 | C.A.R., TSBOR
Over the past few months, C.A.R. has worked with Bank of America to make changes to the bank’s short sale purchase contract addendum and Short Sale Real Estate Licensee Certification. Starting April 14, along with other changes, agents and brokers are no longer...
by Heather | Mar 27, 2012 | C.A.R., Legal, TSBOR
2012 is the year of the short sale. As an agent, one of your most valuable business tools is the understanding of how to help underwater homeowners avoid foreclosure. Don’t make the mistake of believing these myths: Myth #1: The homeowner must fall behind on mortgage...
by Heather | Mar 5, 2012 | C.A.R.
C.A.R. and the U.S. Department of the Treasury, HOPE NOW, HUD and NeighborWorks America are joining together to bring several local events in March, designed to help REALTORS® better understand and navigate the complex short sale transaction and help struggling...
by Heather | Oct 20, 2011 | TSMLS
As soon as an offer is accepted by the seller on an Active listing with the sub status of Short Sale, according to TSMLS rule 10.1, you must report the listing as Active Contingent. Active Contingent is a sub class of Active, and meets the bank’s request to leave the...
