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Phoenix short sales

Short Sales Increase 600 Percent – Are you considering short selling your Phoenix home?

July 1, 2010

I wrote on Monday about Fannie Mae’s recent announcement that it would “lock out” borrowers from obtaining a new loan for seven years if they chose to “strategically” default on a mortgage they could have afforded.

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Fannie Mae Urges Homeowners to Not Walk Away

June 28, 2010

Fannie Mae announced last week that it would “lock out” borrowers from obtaining a new loan for seven years if they choose to “strategically” default on a mortgage they could have afforded.

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What HAFA Programs Mean for Your Phoenix Home Short Sale

June 4, 2010

If you haven’t heard already, Fannie Mae and Freddie Mac announced on Tuesday their versions of the Making Home Affordable Foreclosure Alternatives (HAFA) program. These are the latest in a string of programs designed to help borrowers avoid foreclosure. They take effect August 1 of this year and may be able to help you with your Phoenix home short sale.

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Phoenix Short Sales and Phoenix FHA Loans – What You Need to Know

January 11, 2010

Last Fall I wrote a series of blog posts on what was then a new trend of “strategic defaults” (it’s now being reported everywhere, including recently in the New York Times magazine).  I talked to my friend Matt Maret, a Phoenix mortgage banker with Bell Mortgage, and he said that the FHA would guarantee a [...]

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