Short Sales & Foreclosures Archive

Evidence Points to Improving TRID Landscape

by Tom Salomone, 2016 NAR President This time last year, everyone in our industry was talking about the TILA-RESPA Integrated Disclosure Rule. Also known as “Know Before You Owe,” the new rule meant new forms were coming to consumers...
April 5, 2016

Shortsighted on Short Sales

By NAR 2013 President Gary Thomas When it comes to rules and regulations, the National Association of REALTORS® must always be vigilant.We have heard your concerns about the Federal Housing Administration’s (FHA) proposal to prohibit “dual agency” in pre-foreclosure...
September 30, 2013

New Help on Short Sales

NAR President Moe Veissi praises new help for struggling homeowners.    The Federal Housing Finance Agency on Tuesday announced measures to make “short sales” of underwater homes easier for homeowners, including extending help to people who have financial difficulties but haven’t...
August 23, 2012

Straight Talk on Short Sales

                      By Bill Armstrong, Treasurer, National Association of REALTORS® Last week, NAR participated in a positive meeting with Fannie Mae, Freddie Mac, and the Federal Housing Finance Administration (FHFA)...
February 23, 2012

At the Epicenter of Foreclosures, Some Hope for Home Owners

By Gary Thomas, 2011 First Vice President, National Association of REALTORS® Just yesterday I attended the Home Ownership Matters bus tour stop in Las Vegas. It was heartening to see Nevadans’ excitement, including REALTORS®, as the bus rolled into...
October 26, 2011

Hope for Short Sales, Posted by Vicki

I was recently talking to a member of the NAR staff who is looking to move closer to work. She mentioned that her REALTOR® discouraged her from looking at properties that are potential short sales. The reason? The agent...
December 17, 2009

All is not quiet on the Midwestern front, Posted by Steve

Here in the trenches, on the front lines of real estate in Ohio, we continue to face challenges: First, there is an oversupply of houses, and home values are still in a general decline. Second, although the average sale...
June 19, 2009

Short Sale Process Getting Shorter? Posted by Gary

You can’t be a REALTOR® working today without facing the problem of short sales. I constantly hear from members about how the arduous short sale process hampers business and keeps prospective home buyers from becoming homeowners. So I wasn’t...
May 26, 2009

One-Two Punch for Homeowners, Posted By Dick

Yesterday President Barack Obama announced a $75 billion Homeowner Affordability and Stability Plan to help address the foreclosure crisis – the right cross in a one-two punch to help the housing market recover. The plan complements the new American...
February 18, 2009

Top-Down Solution, Posted by Lawrence

There are several policies that have been proposed, and some already in place, to address rising foreclosures. Nearly all are attempting to alleviate the problem by approaching it bottom-up rather than top-down. The bottom-up approaches involve a plan to...
March 17, 2008