ListGrabber allows Residential and Commercial real estate professionals to build their own Targeted Prospect & Tenant lists from the Internet. You can extract contact lists of your target Prospects & Tenants from online directories such as chambers of commerce, yellow pages directories, super pages directories, white pages directories, association websites, membership directories, etc. and automatically enter them into an Excel spreadsheet or any CRM/Contact… Continue

More breaking news about the new Obama Administrations Mortgage Balance Forgiveness Program:

* Program NOT available to all homeowners in all markets.

* The Investor (bank) still has to agree to participate.

* Clearly, the powers that be are now finally recognizing the surge in strategic defaults.

* Qualifications: Write down 1st lien principal to 97.75% of home value. You read that correctly, ’some’ homeowners will have their negative equity wiped out to the point where… Continue

Banks are ramping up short sales thanks to government incentives and the realization that short sales result in lower losses than foreclosures. On average, banks lose 50 percent on a foreclosure, but only 30 percent on a short sale.

Bank of America, the nation’s largest mortgage servicer, has dramatically reduced the time it takes to process short sales. Elizabeth Weintraub, a Sacramento, Calif.-based real estate practitioner who handles many short sales, said, "Bank of America approved [a… Continue

As we expected, the HAFA Guidelines are being improved…



Translation: HAFA = Streamlined, fast close..full commission short sale.



Here is an update from DSNews.com



The Treasury is also bumping up payouts for short sales and deeds-in-lieu under its Home Affordable Foreclosure Alternatives (HAFA) program set to take effect April 1. Servicer incentives for each short sale or deed-in-lieu have been raised from $1,000 to $1,500.



There is also a new second… Continue