Archive for January, 2009
Fannie Mae Extends Suspension of Foreclosure Sales
Friday, January 16th, 2009 | Uncategorized | 3 Comments
In an effort to provide mortgage servicers more time to implement that Streamlined Modification Program (SMP), Fannie Mae will extend the suspension of foreclosure sales and evictions until Jan. 31. This initiative applies to loans owned or securitized by Fannie Mae.
During the extension, Fannie Mae hopes that attorneys and loan servicers contact borrowers and pursue workout options.
Last November, Fannie Mae announced the SMP and initiated this program on December 15th. The SMP will target distressed homeowners who have missed three payments or more, who own and occupy their primary residence, and who have not filed for bankruptcy. The goal of the program is to keep owners in their houses through a combination of reducing the mortgage, interest rate, extending the life of the loan, and possibly even deferring payment on part of the principal –– all with the intention of providing the distressed homeowner with a lower monthly payment.
Also, don’t forget to check out my most recent HubPages article talking about Fannie Mae and Short Sales by clicking here!
Have a great weekend!
- Josh Cantwell
Fannie Mae Promotes Short Sales?
Friday, January 16th, 2009 | Uncategorized | 1 Comment
During the past month, we’ve heard of several ideas and seen several attempts to give some relief to distressed homeowners facing foreclosure. Here are a few: interest rates have been lowered, loan modifications are being proposed, foreclosure moratoriums have been suggested as has the use of bankruptcy courts to restructure loans.
The whole thing gives and appearance of a “back-lash” on my old bait casting fishing pole. A bait caster is really just a rod and a spool of fishing line (think of a spool of thread). I love using it because I can cast a heavy lure a long way out, but if I use too much muscle and get too ambitious, the force causes the spool to rotate faster than it can let out line . . . and I get a huge mess . . . one big knot that takes a long time to undo…
Check out this rest of this article by clicking here
The rest of the article even includes the new email address to use to submit your packages to Countrywide.
Talk to you Soon!
- Josh Cantwell
Big Tip: Dominate Your Local Real Estate Searches in Google…
Wednesday, January 14th, 2009 | Uncategorized | 2 Comments
Today I have a juicy tip for you.
It’s actually a video clip I took from a recent live event I presented at in Las Vegas. I show you exactly how I dominated the first page listings in Google for a search term related to my local real estate market.
And you wanna know what? It only took about a half hour.
It’s a pretty sweet tip, super easy to use, and it’s all yours. I’ll reveal the simple secret to this little ninja tactic at the end of the video…watch and see.
Enjoy,
Greg Clement
And the winner is…
Sunday, January 11th, 2009 | Uncategorized | 2 Comments
Last week during a training call with our Gold coaching students Jeff Watson gave away 1 year of free gold coaching to one of the lucky students attending that call.
He let everyone know that the winner will be posted on our blog sometime after the call was over.
So, the winner is…
Patrick White
Congratulations Patrick!
