Sengdao Vongruksukdi's Blog

If you’ve been following the evolution of the federal government’s HAFA program, you’ve noticed a steady widening of the eligibility guidelines. That’s not an accident. In its original form the program failed to meet the lofty expectations placed on it by lawmakers, pundits and industry professio...

The HAFA short sale program was sensibly crafted to reach a specific segment of borrowers. But, along with the rest of HAMP, it has failed to achieve the numbers expected. So, Treasury has thrown the doors open wide with Supplemental Directive 12-02, removing obstacles and expanding the pool of p...

Bank of America StandardizedThird-Party Authorization Form   Previously, Bank of America accepted Third-Party Authorization forms in differing formats and from a variety of sources when transacting a short sale. Recognizing a need for greater compliance and consistency with this important documen...

          Alicia Keys stairs     Where are Swizz Beatz and Alicia Keys headed now that their SoHo stunner has hit the market? SOURCE: Vibe Forget about moving on up. Singer and New ...

The settlement reached recently between five major mortgage servicers and state attorneys general has some provisions that should make real estate agents perk up: After receiving a completed short sale package, the servicers will have 30 days to issue an approval or denial. Pause and let that sin...

For years industry insiders have been touting short sales as a way out of the mortgage mess. Now the mainstream press is picking up the theme. In this CNN article that was picked up by Yahoo, the latest statistics from RealtyTrac tell the story: Short sales rose 15 percent in the last quarter of ...

Banks are giving away money! The buzz started in the mortgage and real estate industries, now it’s reached the general public: Big mortgage servicers are paying big bucks to homeowners who will agree to short sales. $20,000 to $30,000 in some cases. The catch: These cash bonanzas aren’t available...