BofA streamlines Short Sales!

Earlier today, 01/20/2011,  I had the opportunity to be involved with a Webinar where BofA Short Sale Executive Kimberly Dawson unveiled BofA’s new “Cooperative Short Sale” program! This program appears to have the elements of the Government’s (Treasury Department) HAFA  Short Sale program in that BofA will agree to determine an upfront marketing price. Kimberly seems to be promising quick 10 day...

Valley Housing Market Dropping or Not ?

Ok here we go again! July to August home sales DOWN! Foreclosures in August UP vs July! Medium home prices July to August DOWN!  However….. Notices of Foreclosures from July to August down?? So what does all this mean?  SLOW BUMPY RECOVERY with an emphasis on SLOW! The nice little rise we all saw in the first and into the second quarter of 2010 can pretty much be what I like to call an “artificial economic...

Your home: Keep it or Give it Back!

Sunday’s Arizona Republic of 04/25/10, included opposing articles on letting your upside down home go back to the Lender vs continuing to pay your mortgage debt. Controversy was flamed when UofA Law Professor Brent White conveyed his thoughts in a discussion paper that was the basis for publication of his thoughts a number times in October and November of 2009. In short, Brent supported and somewhat encouraged upside...