Monthly Archives: April 2011

NC Real Estate Commission: BPOs Can Violate Appraisers Act

We’ve touched on this issue before, but the North Carolina Real Estate Commission feels this issue is important enough to write about it in the March 2011 issue (page 4) of the Real Estate Bulletin. According to the NC REC, brokers are well within their rights to perform a Broker Price Opinion (BPO) if it […]

Posted in Broker Price Opinions, North Carolina Short Sale News | Comments closed

Uncle Sam Promoting Short Sales?

According to Jim Puzzanghera and Alejandro Lazo of the Los Angeles Times, a potential deal is in the works between banks and government officials that would force banks to approve short sales for severely delinquent borrowers.  Additionally, servicers would be required to reduce the amount owed on certain home mortgages. There are 2 obvious advantages […]

Posted in Bank of America, Wells Fargo | Comments closed

HAMP Loan Modifications Cause Frustration for Borrowers

If you’ve tried to get your lender to modify your loan, there’s a good chance you can relate to the people in this article from the USA Today. Maybe you’ve called your lender multiple times with no call back.  Or maybe you’ve had to provide the same documentation over and over and over again.  Or […]

Posted in HAMP Loan Modifications, Short Sale Info for Sellers | Comments closed