Reports are coming in from sellers getting as much as $48k from their lenders. So far, my sellers have only gotten $3k. http://www.theshortsaleguide.com/forum/topics/citimortage-35-000-moving-allowance-letter Personally, I’d rather see the whole HAFA and hardship thing disappear which is causing the whole short sale log jam.

As foreclosures have continued to slow in the Bay Area and around the country, short sales are making up a larger percentage of the homes sold each month. This trend is expected to continue, which isn’t a positive sign for home prices. DQ News reports on March Bay Area home sales: Last month distressed property [...]

Fannie Mae and Freddie Mac have issued new guidelines designed to be an industry standard for speeding up short sale timelines. Unfortunately, it isn’t going to make a shred of difference. From today’s San Francisco Chronicle: Under the new guidelines, which take effect June 15, servicers have 30 days to review and respond to short [...]

Happy Monday!  We’ve got another exciting story for you, about some riveting residents who really respect realtards.  Read on! Squatters issue restraining order against real estate agent KTVU Channel 2, Posted: 9:49 p.m. Friday, April 20, 2012 ANTIOCH, Calif. —  A Bay Area real estate agent said she’s being taken to court by squatters in [...]

Bank of America is already one of the better banks to process short sales, with approvals typically within 5-6 weeks or so. Now, thanks to an improved document-collection system, they are expecting to cut those times in half. From BofA: Bank of America Refines the Short Sale Process Every day, Bank of America works with [...]