Working Short Sales And Foreclosure Timeframes—Important To Understand

So you are doing a short sale and you have received a Notice of Default or maybe even a Notice of Trustee Sale.  You panic, and start looking for a moving truck.  Sound familiar?  Well that is how homeowners feel and it is important for us as default advocates to put their minds at ease [...]

So You Are Doing A Loan Mod??

Or at least that’s what most people I talk to believe their lender is doing for them.  Unfortunately most People do not want to speak with a default advocate because they trust their lender, who, by the way, has illegally processed 84 percent of their foreclosures.  That’s right, 84 percent of foreclosures are flawed so [...]

New Program Allows Homeowners To Short Sale And Buy Back Home

Homeowners facing a foreclosure may now be able to lease back and eventually buy back their home after a short sale. A newly launched program provides another option for homeowners who can’t afford their mortgage payments or have been rejected for a loan modification. Until recently, the Homes Affordable Foreclosure Alternatives program required that a [...]

Short Sales Closing Continue To Be The Norm For Cravens Realty Group

With the recent closing of three more Short Sales, two being HAFA (Home Affordable Foreclosure Alternatives) Short Sales, Cravens Realty Group headed up by Lee and Nanci Cravens continues to help home owners that are in trouble find alternatives to just walking away and avoiding foreclosure. We closed  HAFA Short Sale in Temecula, CA where [...]

Cravens Realty Group Has Gone Live

Its been almost two weeks now since we started our brokerage.  Cravens Realty Group is not just a mom and pop shoppe its much more than that.  Lee Cravens has the personal touch that is needed in todays short sale and foreclosure laden market.  We are constantly striving  to be on the leading edge of the short sale and foreclosure [...]

Fannie Mae Launch Short Sale Assistance Desk

LOS ANGELES (March 31) – The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today announced it has partnered with Fannie Mae on an initiative designed to help REALTORS® quickly resolve issues that may arise after a short sale offer is made on a Fannie Mae-backed loan. The Fannie Mae Short Sale Assistance Desk (“Assistance Desk”) provides brokers [...]

Testimonial Received Today From A Recent Short Sale Closed…

Dear Lee and Nanci,  Thanks so much for shepherding us through the Financial Valley of Darkness. It was reassuring to know you were there. We appreciate the patience you showed us every step along the way. What might have been traumatic and distressing wound up being just an unfortunate but unavoidable business transaction. With two [...]

Why Foreclosure?

With all the programs that are available to homeowners I still cannot believe how many opt to just let their house foreclose before they exhaust every option available to prevent a foreclosure. Here is a perfect candidate for the HAFA program and he wants to just let his house go to foreclosure.  I am trying [...]

1st HAFA Short Sale Closed In Murrieta, CA

Hey great news!!!  Well as great as it can be after a homeowner is forced to sell their home as a short sale.  So what is the great news?  Well in this case we were able to negotiate a short sale using the HAFA  (Home Affordable Foreclosure Alternatives program).  If you are not familiar with [...]

HAFA Short Sale escalation letter to Bank Of America

Kimberly, I do not generally see the need to escalate a file so early into the process but in this situation I cannot even get a HAFA short sale initiated for our client.  Please review the circumstances of this file and advise. Our client Mrs. Smith, I am referring to her as our client meaning [...]