Mountain Realty, 7500 W. Crestwood Drive, Boise, Idaho
More First-time Homebuyers Tap Into Bank of Mom & Dad
Wall Street Journal
Rising home prices are sending first-time buyers to their parents for help with mortgage down payments. More than 26% of mortgage borrowers who used Federal Housing Administration-insured loans got assistance from a relative to make the down payment in the 12 months through September, up from about 22% in 2011, according to data released late last year as part of the agency’s annual report. Continue reading here.
Wells Fargo Computer Glitch Blamed as 100s Lose Their Homes
cbsnews.com
Note: In yet another example of the little guy getting the short end of the stick, Wells Fargo has admitted that a "computer glitch" was responsible for hundreds of homeowners who might have otherwise been eligible for a loan modification as they were facing foreclosure. I have been involved in hundreds of short sales where homeowners have been facing foreclosure. If you have been issued a notice of default, are having trouble making your house payments, or are facing foreclosure, I have the experience and knowledge to explain the many options available to you. Don't hesitate to give me a call and let's talk. --DH
"Wells Fargo says a computer glitch is partly to blame for an error affecting an estimated 545 customers who lost their homes. The giant bank filed papers with the Securities and Exchange Commission last month, revealing it incorrectly denied 870 loan modification requests. About 60 percent of those homeowners went into foreclosure." Continue reading here.
