Monthly Archives: December 2009
Should I get a home inspection?
A lot of the homes that are currently on the market in Arizona are short sales or REO’s (bank owned). This means they are being sold “As-Is” and the seller will not make any repairs. Buyers of these types of homes ask me as their realtor … Continue reading
Posted in Buyers, First time homebuyers, Foreclosure/Short Sales, Sellers
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Fannie & Freddie suspend foreclosure evictions during holiday season
Late last week Fannie Mae and Freddie Mae announced that they are suspending foreclosure evictions for occupied properties from December 19th, 2009 to January 3rd, 2010. Citigroup also announced they will halt foreclosures and evictions for a 30-day period to help out … Continue reading
Posted in Foreclosure/Short Sales
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Treasury releases changes to Short Sales Program
In a continuing effort to reduce the number of homes going to foreclosure, yesterday the administration, thru the Department of Treasury, released a new supplemental directive outlining incentives for short sales and deeds-in-lieu (DILs) under the Home Affordable Modification Program (HAMP). … Continue reading
Posted in Foreclosure/Short Sales
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