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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Arizona - Looking for Advice on Voluntary Foreclosure Situation Posted by CC in OC on May 12, 2008 at 2:46 PM In Reply to: Re: Arizona - Looking for Advice on Voluntary Foreclosure Situation posted by mike on May 12, 2008 at 6:04 AM From my vantage point as a short sale negotiator, I can tell you that short selling lenders don't give a fig about speculators/investors. Banks are moving toward preserving their rights to collect on deficiency judgments. Fannie and Freddie most certainly don't consider deed-in-lieu as anything less than a foreclosure. New guidelines now say that the seasoning period for foreclosure, short sale and/or deed-in-lieu is 5 years (up from four years) plus minimum 10% down on next purchase. Banks are certainly not taking the current situation lying down. Follow Ups: Re: Arizona - Looking for Advice on Voluntary Foreclosure Situation mm 10:49 AM, 05/16/08 (4) Re: Arizona - Looking for Advice on Voluntary Foreclosure Situation Kev. 7:56 AM, 05/24/08 (0) Re: Arizona - Looking for Advice on Voluntary Foreclosure Situation Jane lee 0:44 AM, 05/23/08 (0) Re: Arizona - Looking for Advice on Voluntary Foreclosure Situation CC in OC 4:47 AM, 05/20/08 (1) Re: Arizona - Looking for Advice on Voluntary Foreclosure Situation Reggie 3:41 PM, 08/05/08 (0) Post a Followup: Name : E-Mail : Subject : Comments: : From my vantage point as a short sale negotiator, I can tell you that short selling lenders don't give a fig about speculators/investors. Banks are moving toward preserving their rights to collect on deficiency judgments. Fannie and Freddie most certainly don't consider deed-in-lieu as anything less than a foreclosure. New guidelines now say that the seasoning period for foreclosure, short sale and/or deed-in-lieu is 5 years (up from four years) plus minimum 10% down on next purchase. Banks are certainly not taking the current situation lying down. [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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