Short sales, now a familiar term for the population at large as well as for the relocation industry, occur when a home is sold for less than the balance remaining on the mortgage and the lender agrees to accept less than the mortgage balance as a payoff of the loan. Short sales guidelines that became effective November 1, 2012, shed new light on the process. The guidelines were issued by the Federal Housing Finance Agency (FHFA), the regulator and conservator of Fannie Mae and Freddie Mac, and apply to mortgages owned or guaranteed by either of those organizations in short [...] Read More
Tag Archives: short sale
Gone are the days when you can walk into a fast food restaurant and quickly choose between a hamburger and a cheeseburger and two sizes of fries; it can take 10 minutes just to run your eyes from one end of the overhead menu to the other. Likewise, if ever there was a time when companies shopped for “plain vanilla” relocation services, those times have surely changed as well.
This is certainly true for companies with large and complex relocation needs, but it is no less true for those clients and relocation managers who move only a few employees each year, [...] Read More
It’s hard to get a handle on where the U.S. real estate market is going, but for managers responsible for their companies’ relocation programs, up-to-date knowledge is critical. Presenters Kevin Russell of Cartus Home Loans and Pat DeDonato of Cartus will discuss the state of the market and some of the key factors that can impact your relocation program: interest rates, mortgage trends, foreclosures and short sales, and the potential effects of shadow inventory and man-made disasters.
If you are interested in attending the eLearning, please email your request to email@example.com.
Today, President Barack Obama signed legislation giving eligible home buyers three more months to close on homes and qualify for a federal home buyer tax credit of up to $8,000. This legislation helps Cartus’ clients and relocating employees, as it allows deals to be completed with buyers who are depending on the credit.
Cartus’ parent company, Realogy, has played a key role in educating Congressional leaders on the home buyer tax credit and other key housing issues.
Buyers who signed a purchase agreement by April 30 now have until September 30 to close on a home sale to be eligible for the [...] Read More