Under the Obama Administration’s plan for mortgage relief if your loan is owned by Fannie Mae or Freddie Mac you may be able to refinance the loan at a reduced interest rate and a reduced loan amount. The question that must first be answered is: How do I find out if Fannie or Freddie owns…
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A couple of students in the last REO class I taught asked for the slides and stats that I had shared. Here goes… To begin with, these come from the Tucson MLS with the following search parameters: Property Type: Residential Property Subtypes: Single Family Res., Condo, Townhouse Areas: Central, East, Northwest, Extended West, South, Extended…
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