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Dennis Norman By: Dennis Norman Yesterday the Federal Housing Finance Agency (FHFA) released its foreclosure prevention report for July, 2009 for Freddie Mac and Fannie Mae loans. After reviewing the data in the report I would say if you are an agent that works REO’s and/or short sales, you are going to have a steady stream Continue reading… Short sales up 268 percent from a year ago; Serious mortgage delinquencies up 147 percent for same period By: Dennis Norman OK, I already know I’m going to aggravate a few agents out there, but it’s really not my intention. I’m going to start out by saying that agents that list REO deals are victim’s of the system they are forced to operate in. Whew, hopefully my CYA is done.. Having said that, at the end Continue reading… A look at REO agents…for fun…. Dennis Norman By: Dennis Norman According to a report issued by the Office of the Comptroller of the Currency (OCC) as of June 2009 there were nearly 2 million foreclosed homes. Many of these foreclosed properties are still vacant and in need of repairs. Many buyers are seeing these foreclosed homes as an opportunity to buy a home Continue reading… An FHA 203(k) loan may help your clients purchase foreclosures |
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