Its important to take a look at the how the recession is doing.  This report shows that it will take will more than likely take 4 to 5 years to come back to the levels of employment before the recession. I found this article very interesting.  You can click on the graphic below to see the...

Mark Hanson - Mr. Mortgage Reports: You have to follow my friend Mark Hanson. He has been reporting on the foreclosure and short sale situation for over 3 years, now.   He has been talking about the "Shadow Inventory" that banks have been keeping at bay because they want to create a...

Commercial Property Short Sale is Here Up until recently, there has not been any wway for a commercial property owner to qualify for a short sale on the commercial property.  Now their is! It is estimated that over a trillion dollars  in commercial property will be in financial peril of...

Commercial Short Sales - The Wave is Here: Commercial properties will be the next huge wave of properties  which fall into one of 3 catagories; commercial loan modification, short sale or foreclosure.  With the global econmic crisis continuing and a major depression in the Uinited States,...

Wachovia is certainly on a mission to clean out their bloated mortgage portfolio.  They have a huge amount of loans that need to be loan modified or converted into short sales.   The faster that they sell the homes in their portfolio the quicker they will recover.   No...

Finally, there is a data base for those completing mortgage loan transactions.  This new data base can be accessed by anyone wanting to know about their loan officer.  This is a nation wide mortgage  licensing system.  The data base will detail any disciplinary actions of any...

The state of California is one of the only states in the nation that requires that home owners who sell their home pay state taxes on any gain received in a short sale.  Arnold Schwarzenegger has give the  Californa legislature notice that they need to come to the table and come up with a...

Wells Fargo Bank has decided to sign up for the HAMP (Home Affordable Modification Program).  This is a mortgage loan modification program offered under the Abama Administration, last year.  This program is a goverment program which encourgages lenders to modify subordinate liens (2nd,...

Free Online Webinar: We have a weekly online webinar to educate the public at to the process of submitting a short sale package into the Wachovia short sale department.  We detail the process needed to gain a successful short sale approval.  We also go over the home listing process and...