If you are currently working with a homeonwer that has a Chase Mortgage on either a Short Sale or on a Loan Modification your changes of getting an approval may have just increased.
On 10/31/2008 Chase announced that they are strengthening programs to keep families in homes and are reviwing thier entire mortgage portfolion.
The changes that Chase is making includes a 90 day freeze on foreclosures. To read the full information from Chase you can click HERE.
I came across this blog post this morning and wanted to share it with you.
It looks like Fannie Mae is working on liquidating some of the Bank-Owned Properties that it has at this time.
It looks like Fannie Mae is getting ready to clean out some of the inventory so that it can prepare for the next wave of foreclosures.
Fannie Mae To Open Satellite Offices To Liquidate Bank-Owned Properties : Strategies of the Condo Vultures®
Tags: FannieMae,
I am sure by how you have heard that there is a mortgage bill on the table to help deal with what is being called the foreclosure crisis. I have seen a lot of speculation on what will be included in this bill and when I first heard about it I had some serious concerns on what message this would send to the homeowners that weren’t in trouble - would they feel slighted, etc.
Today I came across this article on CNN that did a pretty good job of overviewing the bill on the table. I still have mixed feelings on if it will have an impact or not, but I believe it is structured properly so that homeowners that have kept current on the mortgage don’t feel slighted.
How the housing rescue bill can help you - Jul. 23, 2008
I would love to hear your thoughts
Stefanie
Tags: housingrescue bill, housing bill, foreclosure bill
