Selling Poinciana One Property at a Time.: Great News For Our Military Members And Short Sales!!

Great News For Our Military Members And Short Sales!!

 Good morning Superstars.

We hope everyone had a productive week helping folks avoid foreclosure. We had a major site redesign yesterday so be sure to pop over and have a look. Let us know what you think.

This Week's Top Short Sale News

Great news for our military members!!

June 21, 2012

Under the new policy Fannie Mae and Freddie Mac will not pursue a deficiency judgment or any cash contribution or promissory note from members of the military with a change in duty station for any property purchased on or before June 30, 2012. Service members must have a Fannie Mae or Freddie Mac loan to be eligible.

READ FULL NEWS RELEASE HERE

 

Time is Running Out: The Mortgage Debt Relief Act is ending and why you should care!

Posted by Arthur Wainio on June 20, 2012 at 9:35am

 This Week's Superstar Tip

What types of transactions are generally not covered under RESPA?

  •  An all cash sale
  • A sale where there's private financing (seller financing, money from a family member).

Now folks, if you handle Short Sales for a living this can be something you can utilize in your business. When RESPA does not apply is there anything else that would prohibit you from paying the 2nd "Off the HUD"? I don't think so. As long as the 1st agrees to it. And I question whether or not they even have to agree to it. Remember there's a difference between disclosure and agreement.

BUYER TESTIMONIAL

Our family began the journey to buy our home in October.We found a house that was perfect, except it was a short sale. We decided to make an offer. Unfortunately, we had no idea the roller coaster we were boarding. Neither agent had ever closed a Short Sale and it was BofA with a 2nd at a local bank. If we had not found Short Sale Superstars I know we would have walked away. The deal fell through once so we started over in March and finally closed Tuesday! It was wonderful to have such a wealth of information here because every situation we were up against we found information on this site. I'm sure both REALTORS (R) were sick of hearing, "from what I have read we can . . . ". Also a special thank you to Bryant who helped answer many questions in the home stretch. As a buyer of a short sale this website is amazing. Thank you for helping our family buy truly our dream home. Adam S.

Advanced Short Sale Training

This sound familiar? You’ve never had to deal with a short sale in your life – until a few years ago, when foreclosures became so common it was rare that you had a seller without one. Now you can no longer avoid short sales.

 

So you sign up and get your CDPE and your SFR designations. Maybe you have even closed on dozens of short sales. But still...........

 

......you're missing something. You are struggling when it comes to dealing with the lenders. You're stressing out over your transactions. And no one seems to be able to tell you how to do it quickly, with no stress.

 

Well, except us. READ THE FULL ARTICLE

 

REGrow, LLC and www.ShortSaleSuperstars.com does not necessarily endorse the real estate agents, loan officers, attorneys, real estate brokers and other participants listed on this site. These real estate profiles, blogs, blog entries and forums are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a short sale. REGrow, LLC takes no responsibility for the content on these pages that are written by the members of this community.

 

 

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***I am NOT an Attorney nor do I play one on TV. Click the button below for my Bio.

The BIO for Bryant Tutas

 

 Tutas Towne Realty, Inc handles Florida real estate sales, Florida short sales, Florida strategic short sales, Florida pre-foreclosure sales, Florida foreclosures in Kissimmee Florida Short Sales, Davenport Florida Short Sales, Haines City Florida Short Sales, Poinciana Florida Short Sales, Solivita Florida Short Sales,  Orlando Florida Short Sales, Celebration Florida Short Sales, Windermere Florida Short Sales. Serving all of Polk, Osceola and Orange Counties Florida. Florida Short Sale Broker. Short Sale Florida.

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Comment balloon 3 commentsBryant Tutas • June 24 2012 04:32AM

Comments

Good morning Bryant. That is good news for the military folks who have found their way into a bad situation at home.

Posted by Randy Ostrander, Real Estate Broker, Serving Big Rapids and West Central MI (Lake and Lodge Realty LLC ) over 7 years ago

Hi Randy. Good to see you. It's great news!! Not having to miss payments will certainly help when it comes to security clearances.

Posted by Bryant Tutas, Selling Florida one home at a time (Tutas Towne Realty, Inc and Garden Views Realty, LLC) over 7 years ago

Bryant - FHFA announcement of short sale assistance for Military homeowners with Fannie Mae or Freddie Mac loans is an excellent news to help many military home owners.

Posted by John Pusa, Your All Time Realtor With Exceptional Service (Berkshire Hathaway Home Services Crest) over 7 years ago

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