I suspect that 2010 is going to be a big year for short sales. One common question that I have gotten lately is: Can I just do a short refinance? Meaning, rather than short sell my house to someone else, can I just do a short refinance? And the answer is: maybe. But before you pick up the phone and call me, you need to do something first -- call your current lender and ask them if they … [Read more...]
FHA Hope for Homeowners Program, Is It Real?
More and more people are contacting us asking about the newly-announced FHA Hope for Homeowners program and how to qualify, what will work and won't work with the guidelines, etc. The good news is that FHA has issued a few press releases about the program and we have some high-level guidelines to look at as we begin to work with people to help them get qualified. The bad news is that many … [Read more...]