Great News! New Federal Guidelines Will Make Short Sales Shorter
[fusion_builder_container hundred_percent=”yes” overflow=”visible”][fusion_builder_row][fusion_builder_column type=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”no” center_content=”no” min_height=”none”] One of the biggest draw backs for a short sale is the amount of time it takes to get approval from the banks servicing the loan(s). In extreme cases it can take […]
Arizona Credit Union Squanders Member Funds
TruWest Credit Union is throwing away its members investments and forcing foreclosure on its own members’ loans, while acknowledging foreclosure alternatives such as short sale would mitigate its members’ losses. On March 13, 2012 attorney Alysse Medina of Collins, May, Potenza, Baran and Gillespie, P.C. informed an Arizona family on behalf of TruWest that their […]
Loan Modification Treated The Same As Short Sale On Credit Report
I was speaking with a loan officer today and learned something very interesting about how loan modifications are treated on a credit report. Individuals with loan modifications are treated the same as those with short sales in their past for purposes of obtaining a loan to purchase a home in the future. Loan Modification = […]
OVER $10 MILLION IN MORTGAGE DEBT FORGIVENESS OBTAINED BY WELLS LAW GROUP CLIENTS IN 2011
2011 was an exciting year for Wells Law Group clients. The short sale attorneys at the Wells Law Group relieved our Arizona homeowner clients of over 10 million dollars of mortgage debt in 2011. Every short sale is different. Short sale negotiation requires up to date knowledge of Arizona laws, extensive experience with the various […]