AG settlement starts the clock on short sales

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Bankruptcy, Foreclosure & Short-Sale Guidelines | PropertyGuiding – Bankruptcy, Foreclosure & Short-Sale Guidelines. As a Senior Loan Officer, I think the biggest challenge in today’s economic and mortgage lending environment has to do with the amount of people that have had a bankruptcy, foreclosure, or short-sale; and sometimes all of the above.

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Just in New Short Sale Deadlines go into effect. As part of a settlement with state attorneys general, the five largest mortgage servicers are adopting new requirements for short sales, which is expected to speed-up what has been known as a lengthy process.

Short Sales Get Shorter: New Deadlines to go into Effect . Daily Real Estate News | Thursday, March 15, 2012 . As part of a settlement with state attorneys general, the five largest mortgage servicers are adopting new requirements for short sales, which is expected to speed-up what has been known as a lengthy process.

Brock & Scott expands default law practice Wells Fargo standing by accuracy of foreclosure affidavits New GSE appraisal database to tighten scrutiny on mortgage lenders For the most part, the industry is glad to see Freddie and Fannie’s efforts toward clean data and accurate appraisals. (What investor wants. Insurance) protects lenders if a mortgage loan goes into.

Bankrate: Loan Closing Costs Jump 36.6% Year-Over-Year Mortgage closing costs up 8.8% from year earlier .. The year-over-year change wasn’t nearly as high as the 36.6% increase in closing costs between last year and 2009, when fees averaged $2,739.Brock & Scott Executive Real Estate Services, a Division of Brock & Scott, offers statewide real estate default services to facilitate the handling of real estate closings on properties acquired through foreclosure processes. Its practice areas include commercial and retail collection, creditors right and bankruptcy, real estate law and litigation.

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