New HAFA Guidelines Effective TODAY – February 1, 2013

You may have heard that the government’s Home Affordable Foreclosure Alternatives Program (HAFA) ended December 31, 2012. New policy changes for HAFA will become effective as of February 1, 2013 but the banks can implement these new changes prior to this date. In addition, despite what you may have read about Bank of America no […]

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Welcome to the new LMS Law Financial short sales website

Welcome to the new LMS Financial short sales website. Please look around and let us know what you think. We’re here to help you with the hectic, laborious and demanding process of short sales and simplify it with our systematic approach to facilitate your short sale from the get-go. Our step-by-step process begins as soon as […]

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The Short Sale Process Explained – Part IV: The Long and Winding Road to Settlement

By Meredith, Executive Assistant Agents and sellers alike are often daunted by the ins and outs of the short sale process. Collecting documents, communicating with the bank, negotiating with an investor, all while knowing that a family may face foreclosure in the near future – it is a stressful prospect. Licensed short sale negotiators such […]

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Should I Stop Paying My Mortgage?

This is a question we are asked constantly by sellers. The answer is somewhat complicated, as some banks or investors require that the seller be behind and others have no requirements regarding lateness at all. Truthfully, no Realtor or third party representative should ever recommend that a homeowner stop paying their mortgage. This is a […]

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The Short Sale Process Explained – Part III: The Investor Review; or, “Why Have There Been No Updates for Three Weeks?!”

By Meredith, Executive Assistant Agents and sellers alike are often daunted by the ins and outs of the short sale process. Collecting documents, communicating with the bank, negotiating with an investor, all while knowing that a family may face foreclosure in the near future – it is a stressful prospect. Licensed short sale negotiators such […]

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Newsflash: CA Bill to Help Homeowners Better Negotiate Short Sales Passed the Assembly Banking Committee

According to this article from Loansafe.org, a bill passed the Assembly Banking Committee on Monday that could help homeowners avoid foreclosure after being approved to short sell their home. The bill would make it illegal for banks to foreclose on homes that have already been approved for a short sale. Additionally, banks would be required to […]

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This Week in Real Estate 4/23-27/2012

NeighborCity®, an online residential real estate ranking service, announced their newest service, AgentMatch® this week. AgentMatch® is a unique service that rates virtually all active residential real estate agents across the country to match the best performing agents with the specific needs of home sellers and buyers. Agents’ profiles and ratings are compiled on each agent’s historical […]

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The Short Sale Process Explained – Part II: From ATP to BPO

By Meredith, Executive Assistant Agents and sellers alike are often daunted by the ins and outs of the short sale process. Collecting documents, communicating with the bank, negotiating with an investor, all while knowing that a family may face foreclosure in the near future – it is a stressful prospect. Licensed short sale negotiators such […]

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Short Sales News This Week

Short Sales Surpass Foreclosures This week, the number of short sales on homes surpassed foreclosure deals for the first time. Recently, banks have been approving more and more short sales, looking to take less of a hit than they would with a foreclosure. Because the status of the housing market, job market, and economy has […]

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Attention: Montgomery County Residents

On Monday May 7th, the Affordable Housing Conference of Montgomery County (AHCMC) is holding their 21st Annual Affordable Housing Conference at the Bethesda North Marriott Hotel & Conference Center at 5701 Marinelli Road North Bethesda, MD. The conference will feature several summit panels on various topics including: Housing + Jobs Foreclosure Updates Multi-Family Rental is HOT! Housing Choices […]

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