Category Archives: MSSN Blog
Bank of America offering up to $20,000 to some homeowners as Short Sale incenctive
Bank of America, the nation's largest mortgage servicer, is offering Florida homeowners up to $20,000 to short sale their homes rather than letting them linger in foreclosure. The limited time offer has received little promotion from the Charlotte, N.C.-based bank, … Continue reading
Bank of America’s getting help to hurt homeowners in high places
What's the worse than Bank of America acting as if it deserves immunity from all its bad foreclosure behavior? A presidential administration that agrees. President Obama's administration is putting pressure on New York Attorney General Eric T. Schneiderman to give into … Continue reading
Federal foreclosure initiative involves renting foreclosed homes
A federal initiative to have investors buy and rent out thousands of government-owned homes to prevent foreclosures is drawing cautious optimism locally. The intent is to help stabilize falling home prices, particularly in neighborhoods hit by foreclosures. Local real … Continue reading
Buying Maine Short Sales: Understanding the Short Sale Addendum will make or break your deal!
This is a new era, a new day and age of Maine Real Estate negotiation. One aspect to the Real Estate transaction is Contract Negotiation. When a homebuyer and seller agree to a purchase price and general terms, this is laid … Continue reading
Banks have a new remedy to America’s ailing housing market: Bulldozers.
Meredith Jenks / Getty Images Banks have a new remedy to America's ailing housing market: Bulldozers. There are nearly 1.7 million homes in the U.S. in some state of foreclosure. Banks already own some of … Continue reading
