Short Sale Process Expedited?
Robbie L. Vaughn, Esq. is quoted in the following RISMEDIA article written by Keith Lora. Mr. Lora discusses the proposed H.R. 6133, Prompt Decision for Qualification of Short Sale Act of 2010. Will...
View ArticleQ&A: Allowing Seller to Remain in Home After Closing
Should a buyer allow a seller to remain in the home after the closing? Usually not a good idea. The parties enter into what is known as a “Holdover agreement” or “Post-closing possession agreement.” We...
View ArticleNews: FTC Bans Upfront Loan Modification Fees
The following is from the website of the Federal Trade Commission: FTC Issues Final Rule to Protect Struggling Homeowners from Mortgage Relief Scams Rule Outlaws Advance Fees and False Claims, Requires...
View ArticleNews: New Fannie Mae Lending Guidelines
The Good Buyers will be allowed to use gifts and grants from nonprofit groups for their minimum five percent down payment. The Bad Borrowers who have gone through foreclosure will be excluded from...
View ArticlePitfalls of doing your own 30-Day Notice
Recently our office has been receiving an increased number of calls from Landlords seeking to evict tenants and who have started the process themselves. There are however issues that arise when the...
View ArticleShort sale after bankruptcy?
We are often asked, “should I short sale my property if I already filed bankruptcy?” Maybe. There may be several reasons to proceed with either a deed-in-lieu of foreclosure or a short sale of your...
View ArticleSteven J. Baum to close?
It may have seemed inevitable to those directly involved in the foreclosure field, but it is still a surprise to hear. According to a Buffalo Business First, the mega-firm of Steven J. Baum, P.C. is...
View ArticleExtending the Mortgage Forgiveness Debt Relief Act of 2007
Some Good News for Troubled Homeowners The Senate Finance Committee approved the extension of the Mortgage Forgiveness Debt Relief Act of 2007. This is a good sign that the Mortgage Forgiveness Debt...
View ArticleLooking at Shadow Inventory
Shadow Inventory The Wall Street Journal had a very interesting article written by Nick Timiraos (a link to the article is provided below) regarding shadow inventory. The article talks about...
View ArticleCan Seller Continue to Show House?
Can a Seller continue to show his/her home after the buyer signs the real estate sales contract? Yes! This question comes up rather often. Typically, the scenario plays out like this: the buyer signs...
View ArticleLawline.com Faculty Member
I would like to thank Lawline.com for the opportunity to teach a couple of courses focusing on Landlord Tenant and Foreclosure Defense. Anybody who wants to view the courses can click the link below:...
View ArticleReal Estate Broker Loses Million Dollar Commission
Broker sought to recover commission or finder’s fee of $1,250,000. A NY Broker, who was not registered or licensed as real estate broker in Florida, brought an action against the purchaser of real...
View ArticleRepurchase your foreclosed home
Repurchase your foreclosed home at today’s value! Previously, foreclosed homeowners who wanted to repurchase their home were required to pay the entire amount owed on the mortgage. This requirement...
View ArticleNews: New Fannie Mae Lending Guidelines
The Good Buyers will be allowed to use gifts and grants from nonprofit groups for their minimum five percent down payment. The Bad Borrowers who have gone through foreclosure will be excluded from...
View ArticlePitfalls of doing your own 30-Day Notice
Recently our office has been receiving an increased number of calls from Landlords seeking to evict tenants and who have started the process themselves. There are however issues that arise when the...
View ArticleShort sale after bankruptcy?
We are often asked, “should I short sale my property if I already filed for bankruptcy?” Maybe. There may be several reasons to proceed with either a deed-in-lieu of foreclosure or a short sale of...
View ArticleSteven J. Baum to close
Steven J. Baum to Close It may have seemed inevitable to those directly involved in the foreclosure field, but it is still a surprise to hear. According to a Buffalo Business First, the mega-firm of...
View ArticleExtending the Mortgage Forgiveness Debt Relief Act of 2007
Mortgage Forgiveness Debt Relief Act Some Good News for Troubled Homeowners The Senate Finance Committee approved the extension of the Mortgage Forgiveness Debt Relief Act of 2007. This is a good sign...
View ArticleLooking at Shadow Inventory
New York Shadow Inventory Shadow Inventory The Wall Street Journal had a very interesting article written by Nick Timiraos (a link to the article is provided below) regarding shadow inventory. The...
View ArticleSeller Can Continue to Show House
Seller Can Continue to Show House Is it correct that the seller can continue to show house, after the buyer signs the real estate sales contract? Yes! This question comes up rather often. Typically,...
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