Stephanie Anson

Author Archives: Stephanie Anson

Fannie Mae and Freddie Mac delegation agreement starts this month

Fannie Mae and Freddie Mac delegation agreement starts this month
Just last November 1, Fannie Mae and Freddie Macgave a go signal to nine private loan servicers for them to grant short sales without having to get another review for troubled borrowers. This is done because it has a huge possibility to lessen costs, interruptions, and doubt. This allocation agreement will allow loan insurers to grant any short sale

It has been known that these nine loan insurers to have agreed to advance short sales are as follow:

• United Guaranty Corp
• Genworth Mortgage Insurance Corp.,
• CMG Mortgage Insurance Co.
• Triad Guaranty Insurance Corp.
• PMI Mortgage Insurance Co.
• Radian Guaranty Inc.
• Essent Guaranty Inc.
• Republic Mortgage Insurance Co.
• Mortgage Guaranty Insurance Corp.

For borrowers who were able to make only less than 20 percent down payments of the value of the home they are bankrolling, Fannie Mae and Freddie Mac pass on a prerequisite for borrowers to remove mortgage insurance.
With this new agreement, the process of which nine mortgage insurers agree will benefit the people because it’ll be reliable and orderly for both insurers and borrowers.

Tracy Mooney, senior vice president for loan servicing and REO at Freddie Mac, said that they are very happy that the nation’s mortgage insurers are very cooperative to work with alone with the servicers. This will really boost borrowers to acquire short sales and several foreclosure substitutes. Since the borrowers will benefit with this agreement, many will be able to avoid foreclosure. It clearly shows that it supports housing recovery and aids the reduction of taxpayer damages.

Other Articles to Read:

736K self-insured Florida residents to get rebate

30-year FRM hits record low at 3.66%

Gainesville Short Sale Agents Rent To Buy Scheme

Gainesville Short Sales – Why Don’t I Just Let the Bank Foreclose?

Call Stephanie Anson today at 352-260-0153 for a confidential phone interview regarding your options.

Please seek legal advice. This information is for informational purposes only.

Contact Stephanie Anson, CLHMS, CDPE, SFR, Realtor®, Anson Properties LLC. Licensed Realtors® in Florida at 352-260-0153 to list your property for sale or to purchase a property in Gainesville, Archer, Alachua, High Springs, Waldo, Keystone Heights, Hawthorne, Melrose, Cross Creek, LaCrosse, Williston, Earlton, Ocala, Micanopy, Newberry, Kanapaha, Haile Plantation, Duck Pond and the rest of Alachua County Florida, Orange County Florida and Seminole County Florida. We are accepting referrals. Gainesville Short Sale Agents

  

2

Short Sale Guidelines Keep Gainesville Homeowners Happy

Short Sale Guidelines Keep Gainesville Homeowners Happy

Short sales are rising this year and it will eventually rise because of federal regulators who manage Fannie Mae and Freddie Mac. They made paperwork more efficient and offered an option to second-lien holders up to $6,000 to accelerate the process of short sale as announced by Federal Housing Finance Agency months ago. Fannie Mae and Freddie Mac will not even require records from borrowers who have missed paying loans; have small credit scores, or those who are struggling financially.

Of course, there are borrowers who pay up-to-date. These people will be given more time to process their short sale and also those who are facing difficulties like divorce, employment layoff, death in the family, disability, and others.

People from the military are quite lucky because they are automatically entitled for short sales even if they have existing mortgages, and they will be excused from insufficiency of payments if ever.

Homeowners who have enough income are invited to contribute funds to cover a fraction or all the part or the entire deficit among the outstanding loan balance and the home prices.

Days ago, the new guidelines set by National Association of Realtors have taken effect. It is connected to the guidelines that FHFA, Fannie Mae and Freddie Mac have set.

Guy Cedala, publisher of the trade publication Inside Mortgage Finance, told the Wall Street Journal that the $6,000 given to second-lien holders is not enough to halt a short sale. However, NAR added that with this it will allow families to avoid foreclosure. Short sale will also help the real estate market by alleviate the home values and keeping the neighborhoods busy while recovering.

Other Articles to Read:

Possible Outcomes If your Short Sale Approved

Preparing for a Gainesville Short Sale

Amount of Home Loans Increased as Rates Slides Downward

Gainesville Short Sale Cost

Call Stephanie Anson today at 352-535-0620 for a confidential phone interview regarding your options.

Please seek legal advice. This information is for informational purposes only.
Contact Stephanie Anson, CLHMS, CDPE, SFR, Realtor®, Anson Properties LLC. Licensed Realtors® in Florida at 352-260-0153 to list your property for sale or to purchase a property in Gainesville, Archer, Alachua, High Springs, Waldo, Keystone Heights, Hawthorne, Melrose, Cross Creek, LaCrosse, Williston, Earlton, Ocala, Micanopy, Newberry, Kanapaha, Haile Plantation, Duck Pond and the rest of Alachua County Florida, Orange County Florida and Seminole County Florida. We are accepting referrals. Gainesville Short Sale Agents

  

1

IRS gives leeway to Taxpayers victimized by Hurricane Sandy

IRS gives leeway to Taxpayers victimized by Hurricane Sandy
Hurricane Sandy left a lot of work for American households. The last thing that you want to worry is being able to file IRS tax and make payments ahead of deadline. Good news is that IRS understands what most of the people from the East Coast are going through and they are willing to help.

For federally declared disaster, IRSmay reschedule various tax deadlines for taxpayers who are living near the affected area by as much as one year.

This applies to: A. an individual whose primary residence is situated in the disaster area; B. any business entity wherein the location of the business place is a covered disaster area; C. taxpayers who are not in the disaster area but will have to meet an IRS deadline in the area; D. a relief worker helping in a covered disaster area; E. a husband or wife of the taxpayer for intentionally filing a joint tax return; F. any person who was visiting the covered disaster area and was killed or injured as a result of the calamity.

The benefits mentioned above are automatic. Taxpayers are not required for anything except that they belong to one or more categories. IRS will terminate any interest, late payments, and late-filing penalty.

The deadline for hurricane Sandy victims are already moved. IRS already moved the date to Nov. 7 instead of Oct. 31 for taxpayers and tax preparers to file returns and tax payments.

Furthermore, IRS is on the course of postponing other tax deadlines for those taxpayers that were affected by Hurricane Sandy. Any announcement to make in the future will be posted in Tax Relief In Disaster Situations Web Page.

In the Federal Emergency Management Agency (FEMA) website, one can easily locate a county if it is included in a federal disaster area.

If you live in the Sandy disaster area and receive a penalty notice from the IRS, it is advisable to call the telephone number on the notification to have IRS lessen or terminate the interest any late-filing or penalties that would be due.

Other Articles to Read:

Wells Fargo got the Case, Mortgage brokers are to be blame

Increase in prices saved millions of Homeowners across America

Amount of Home Loans Increased as Rates Slides Downward

When Can you Own a Home Again After Foreclosure?

Call Stephanie Anson today at 352-260-0153 for a confidential phone interview regarding your options.

Please seek legal advice. This information is for informational purposes only.
Contact Stephanie Anson, CLHMS, CDPE, SFR, Realtor®, Anson Properties LLC. Licensed Realtors® in Florida at 352-260-0153 to list your property for sale or to purchase a property in Gainesville, Archer, Alachua, High Springs, Waldo, Keystone Heights, Hawthorne, Melrose, Cross Creek, LaCrosse, Williston, Earlton, Ocala, Micanopy, Newberry, Kanapaha, Haile Plantation, Duck Pond and the rest of Alachua County Florida, Orange County Florida and Seminole County Florida. We are accepting referrals. Gainesville Short Sale Agents

  

1

Discrimination Against Minority Homeowners Brought Suits to Morgan Stanley

Discrimination Against Minority Homeowners Brought Suits to Morgan Stanley

Morgan Stanley, an investment bank, received a lawsuit from American Civil Liberties Union(ACLU)regarding the discrimination it had done against African-American borrowers by offering incentives to lenders so that mortgages proves costly and risky but profit from buying and guaranteeing loans.

According to ACLU, the complaint against Morgan Stanley is first class-action lawsuit in order to associate discrimination to the securitization of mortgage-backed assurances. It’s just ironic because the suit is against Morgan Stanleynot against the subprime lenders wherein the loan originates. Since it is class-action status, it stands for 6,000 African-American homeowners in Detroit urban area.

On behalf of 5 Detroit inhabitants and a nonprofit legal aid group Michigan Legal Services, there are four groups that filed a complaint in the U.S District Court of New York. These are ACLU, ACLU of Michigan, the National Consumer Law Center, and Lieff Cabraser Heimann & Bernstein (a San Francisco-based law firm). The suits contend that Morgan Stanley violated several state laws including Fair Housing Act, Michigan-Larsen Civil Rights Act, and Equal Credit Opportunity Act by urging now-useless New Century Mortgage Corporation to target African-American communities and borrowers in the Detroit area for particular dangerous loans.

One complainant said that a black borrower is likely to acquire a high-cost loan compare to a white borrower. Another complainant mentioned that Morgan Stanley influenced New Century with the kinds of loans it issued. The complainant continued by saying that the loans are dangerous for borrowers because it has a characteristic of risky features that put borrowers toward evasion and foreclosure.

Of course, Morgan Stanleyreacted that it will defend itself “vigorously”. According to the ACLU, New Century’s largest customer of subprime loans is Morgan Stanley. ACLU said, “The investment bank encouraged New Century to ignore all of the most basic fair lending principles in order to create a large number of mortgages that could be processed and sold as securities.”

It is definitely heartbreaking to hear such words coming from ACLU executive director, Anthony D. Romero, that financial services are doing such practice and in fact it had become common during the housing boom to target African-American and Latino neighborhoods countrywide.

Other Articles to Read:

High Achievers in FICO credit scores

How to make buyers want to buy Gainesville Short Sale Homes

Gainesville Short Sales – Why Don’t I Just Let the Bank Foreclose?

Amount of Home Loans Increased as Rates Slides Downward

Call Stephanie Anson today at 352-535-0620 for a confidential phone interview regarding your options.

Please seek legal advice. This information is for informational purposes only.
Contact Stephanie Anson, CLHMS, CDPE, SFR, Realtor®, Anson Properties LLC. Licensed Realtors® in Florida at 352-260-0153 to list your property for sale or to purchase a property in Gainesville, Archer, Alachua, High Springs, Waldo, Keystone Heights, Hawthorne, Melrose, Cross Creek, LaCrosse, Williston, Earlton, Ocala, Micanopy, Newberry, Kanapaha, Haile Plantation, Duck Pond and the rest of Alachua County Florida, Orange County Florida and Seminole County Florida. We are accepting referrals. Gainesville Short Sale Agents

  

High Achievers in FICO credit scores

High Achievers in FICO credit scores
Several potential homebuyers got frustrated because the standard for mortgage lending has become tougher, however most admired credit scores nowadays exposed some conducts of high-fliers that possessed FICO scores over 785.

San Jose, Calif-based Fair Isaac Corp.mentioned that people who occupy this population are about 50 million, a total of about a quarter of all who have credit scores. These individuals are believed to be high achievers and have comparable credit behaviors in spite of different background. Some predictable credit behavior is that they don’t exploit the use of their credit cards, kept little rotating balances comparable to what their presented credit, and are consistent about paying. On the other hand, they are not debt-free. They usually own seven credit cards with open and closed accounts. 1/3 of them have balances on nonmortgage accounts.

However, almost none has an overdue account. 96% have credit reports that do not have overlooked payments, and those who have one have already settled their accounts way back approximately a span of four years ago.

FICO scoresrun from 300 to 850 usually used by creditors to measure credit risk and the probability that a borrower will recompense a loan. The credit score can determine how much is offered to the lender and the period it will cover; a greater credit score can influence the amount that definitely will save thousands of dollars over the course of the loan.

Since last September, Ellie Mae Inc.reported a standard credit score of 750 with lenders paying an average of 22 percent. Moreover, applicants with FICO score of 704 were denied.

Fannie Mae and Freddie Mac gave an average FICO score of 762 in order to be considered eligible for purchasing mortgage, while loans with scores 701 on FHA-backed purchase.

The FICO scoreis calculated using the person’s payment history, and how he/she managed his/her credits responsibly as time gone by. An example is, by compensating monthly at least the least amount of all credit cards.

A person’s FICO score can be a roller coaster ride depending on his mood to make payments. By law, most negative data are removed from credit reports after several years of establishing a good track record.  However, this does not apply to tax liens or bankruptcy as stated in Chapter 7.

With a challenging economic period, these high achievers are not perfect but are usually consistent in paying. It is good news and it’s never too late to go up again if you are plunging downwards.

Other Articles to Read:

Wells Fargo got the Case, Mortgage brokers are to be blame

Increase in prices saved millions of Homeowners across America

Amount of Home Loans Increased as Rates Slides Downward

When Can you Own a Home Again After Foreclosure?

Call Stephanie Anson today at 352-260-0153 for a confidential phone interview regarding your options.

Please seek legal advice. This information is for informational purposes only.
Contact Stephanie Anson, CLHMS, CDPE, SFR, Realtor®, Anson Properties LLC. Licensed Realtors® in Florida at 352-260-0153 to list your property for sale or to purchase a property in Gainesville, Archer, Alachua, High Springs, Waldo, Keystone Heights, Hawthorne, Melrose, Cross Creek, LaCrosse, Williston, Earlton, Ocala, Micanopy, Newberry, Kanapaha, Haile Plantation, Duck Pond and the rest of Alachua County Florida, Orange County Florida and Seminole County Florida. We are accepting referrals. Gainesville Short Sale Agents

  

1

How to make buyers want to buy Gainesville Short Sale Homes

How to make buyers want to buy Gainesville Short Sale Homes With the recovering market nowadays, you get different kind of buyers. My role as Gainesville real estate agent, specializing in short sale, has done with finding deals that are so good that the buyers can’t resist. One of the goals in the real estate market is to make them feel that it is a great loss if they will not purchase a certain listing.

Your buyers should feel afraid of losing the house to other buyers if they do not purchase it right away; to be able to make the buyer really like the house and creating this desire to buy.

Before scheduling the house to the prospect buyers, it is important to cultivate mutual trust and know what their needs are, put their lifestyle in mind. On the showing day, you must surprise them by exceeding their expectations.

The best sales are when buyers get to have listings, prices, and the agreements they could not resist. You have to make them feel that their decision is needed right away before they drop the chance.

I know too well it is quite hard to sell homes under short sale because some home buyers prefer “new homes’. For new homes showing them sometimes requires GPS, and some agents even put automobile as a requirement. Make your introduction sleek and give more time for your prospects to understand the deal all throughout the showing phase. The urgency here is to get the prospect buyers excited in living in the new house.

Give your buyers an ample time to decide, options that are positive on their side about the home that they most likely to purchase, and also a positive feeling of themselves.

Aside from creating an irresistible feeling to the buyer, it also matters if the physical state of the home that you’ll show is in good condition. If it was built decades ago, then it is best making at least it look neat and presentable. For more info about marketing your short sale, here are other strategies.

Other Articles to Read:

Gainesville Short Sale Cost

Discrimination against African-American homeowners brought suits to Morgan Stanley

Defending your Gainesville Home against Foreclosure

Fraudulent Short Sales and Passing the Hardship Test

Call Stephanie Anson today at 352-260-0153 for a confidential phone interview regarding your options.

Please seek legal advice. This information is for informational purposes only.

Contact Stephanie Anson, CLHMS, CDPE, SFR, Realtor®, Anson Properties LLC. Licensed Realtors® in Florida at 352-260-0153 to list your property for sale or to purchase a property in Gainesville, Archer, Alachua, High Springs, Waldo, Keystone Heights, Hawthorne, Melrose, Cross Creek, LaCrosse, Williston, Earlton, Ocala, Micanopy, Newberry, Kanapaha, Haile Plantation, Duck Pond and the rest of Alachua County Florida, Orange County Florida and Seminole County Florida. We are accepting referrals. Gainesville Short Sale Agents

  

Gainesville Home For Sale – 6736 SW 45th Avenue


Gainesville Short Sale-6736 SW 45th Avenue


Overview
Maps
Photos
Features

Youtube Slideshow

$34,300
Single Family Home
Main Features
2 Bedrooms
1 Bathroom
1 Partial Bathroom
Interior: 942 sqft
Location
6736 SW 45th Avenue
Gainesville, FL 32608
USA
To get updates on open home dates and other property events, please click the “Like” button below:


Stephanie Ann Anson

Anson Properties LLC
(352) 260-0153
sasjrussell@gmail.com
http://www.floridahomesalesearch.com

       

Listed by: Anson Properties LLC

Our recent listings

Subscribe to our listing feed

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1

Short Sale Listing Agent’s Common enemy

Who is the Short Sale Listing Agent’s common enemy? Is it the lender, the negotiator, or the market? Well…none of the above. The common enemy of the listing agent is the BPO (Broker’s Price Opinion) as requested by the short sale lender.

In order to have the BPO, it is requested either by the short sale lender or the servicer. Sad to say, the listing agent has no power over who’ll choose to prepare the BPO.

In sending the short sale package to the short sale lender, the package is placed to the loss mitigation systemand that is when a BPO is ordered. Along with this, an appraisal may also be needed as determined by the lender. The requirements along with the BPO depend on the note holder and the amount of loss there is. It can be accompanied by an appraisal, BPO only, or two BPOs.

Like Fannie Mae and Freddie Mac, they entered into a deal with a huge BPO company to do the work of their BPOs for the short sale notes that they own. With this, the servicers will not need to worry about ordering BPOs. Herewith, the short sale processis shortened, but can affect the seller and the listing agent.

Most agents want to have a BPO immediately so that price will be up when the property will be listed. This is mostly done in theory but too seldom in practice. The problem would then be if a BPO is old, the listing will stay on the market for quite some time.

As for Fannie Mae and other note owners, their short sales are now required to have a BPO and an appraisal if the loss mitigation is greater than $125,000. Some agents perform this in anticipation of getting the listing when it is an REO. But it is doubtful for a lender to give a particular agent the listing should it become an REO. There are also agents that turn ordered BPOs and are bringing considerable income, but usually this is not the case.

Other Articles to Read:

Gainesville Short Sale Cost

Why it is Important to Understand the Short Sale Process

Options To Prevent Gainesville Foreclosure when Unemployed

Fraudulent Short Sales and Passing the Hardship Test

Call Stephanie Anson today at 352-260-0153 for a confidential phone interview regarding your options.

Please seek legal advice. This information is for informational purposes only.

Contact Stephanie Anson, CLHMS, CDPE, SFR, Realtor®, Anson Properties LLC. Licensed Realtors® in Florida at 352-260-0153 to list your property for sale or to purchase a property in Gainesville, Archer, Alachua, High Springs, Waldo, Keystone Heights, Hawthorne, Melrose, Cross Creek, LaCrosse, Williston, Earlton, Ocala, Micanopy, Newberry, Kanapaha, Haile Plantation, Duck Pond and the rest of Alachua County Florida, Orange County Florida and Seminole County Florida. We are accepting referrals. Gainesville Short Sale Agents

  

Amount of Home Loans Increased as Rates Slides Downward

Amount of Home Loans Increased as Rates Slides Downward

According to Freddie Mac and the Mortgage Bankers Association, there has been an increasing request for loans as rates flow downward. Freddie Mac released a result of the latest Primary Mortgage Market Survey; it showed an average of 3.40% on rates of 30-year fixed-rate loans when September closed, much lower than the 3.49% recorded for third week of September, and a 4.01% one year before. Last time Freddie Mac recorded a rate this low was way back year 1971.

For 15-year fixed-rate loans, rates downed to 2.73% from 2.77% on the third week, and a 3.28% a year ago. This rate can equate to the value that was recorded last 1991.

Five-year ARM loans hit an average of 2.71% from 2.76% on the third week of September, and a 3.02% as recorded last year. The percentage 2.69% was a record-breaking event that is equal to what was recorded last July of 2005.

A year ago, one-year ARM loans were 2.83%. Now, the rates have recorded an average of 2.60%. This rate is parallel to the rates recorded from 1984, which have never been this low before.

Frank Nothaft, chief economist of Freddie Mac, said that the continuing decline of fixed mortgage rates is because of the purchases of mortgage securities by the Federal Reserve and the continuing progressive real estate market. Homes sold last July and August were its strongest since March and April 2010.

Federal Reserve announced last September 13 that it would dive into its third cycle of quantitative easing “QE3” by adding its procurement of mortgage-backed securities as assured by Fannie Mae and Freddie Mac.

Other Articles to Read:

Why Closely Monitoring a Gainesville Short Sale is Important

Gainesville Short Sale Agent and Attorney Communication

Tips to assure approval of your property from lenders

Pricing of your Gainesville Short Sale

Call Stephanie Anson today at 352-535-0620 for a confidential phone interview regarding your options.

Please seek legal advice. This information is for informational purposes only.


Contact Stephanie Anson, CLHMS, CDPE, SFR, Realtor®, Anson Properties LLC. Licensed Realtors® in Florida at 352-260-0153 to list your property for sale or to purchase a property in Gainesville, Archer, Alachua, High Springs, Waldo, Keystone Heights, Hawthorne, Melrose, Cross Creek, LaCrosse, Williston, Earlton, Ocala, Micanopy, Newberry, Kanapaha, Haile Plantation, Duck Pond and the rest of Alachua County Florida, Orange County Florida and Seminole County Florida. We are accepting referrals. Gainesville Short Sale Agents

  

Gainesville Short Sale – 7675 SW 88th Drive


Gainesville Short Sale – 7675 SW 88th Drive


Overview
Maps
Photos
Features

Youtube Slideshow

$165,000
Single Family Home
Main Features
3 Bedrooms
2 Bathrooms
Interior: 1,510 sqft
Lot: 2,041 sqft
Location
7675 SW 88th Drive
Gainesville, FL 32608
USA
To get updates on open home dates and other property events, please click the “Like” button below:


Stephanie Ann Anson

Anson Properties LLC
(352) 260-0153
sasjrussell@gmail.com
http://www.floridahomesalesearch.com

       

Listed by: Anson Properties LLC

Our recent listings

Subscribe to our listing feed

Nearby properties for sale

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