Get all your questions answered. Starting the month of March, Angel Lynn will be hosting homeowner awareness classes in Sacramento. Learn about how to avoid Foreclosure, what is Short Sale and how you can modify your loan. Classes will be held at 1913 Capitol Ave. Suite C, Sacramento. Come get your questions answered about what is going on in the market. What to expect and how to protect your family. Please call our office to reserve your seat. 916 443-1445.

Per the NEW YORK (Reuters) – The U.S. Treasury on Monday set long-awaited guidance on a plan for mortgage companies to speed “short sales” of homes and other loan modification alternatives to stem a rising tide of foreclosures. The Home Affordable Foreclosure Alternatives Program providesfinancial incentives and simplifies the procedures for completing short sales, a growing [...]

To read the full story, please click here:http://www.latimes.com/classified/realestate/news/la-fi-lew20-2009sep20,0,1828223.storyChicago TribuneShort sales spread across real estate market, leaving frustration in their wakeAs more homeowners find themselves underwater — owing more on their mortgage than their home is currently worth — and unable to make the monthly mortgage payments, many are turning to short sales,which allow a homeowner [...]

Short sale approvals being fast tracked A number of banks have revamped there short sale approval process, decreasing time needed to gain approval significantly. In fact some lenders have even begun to approach homeowners in errears and those in danger of falling into errears and are suggesting that they list their homes as short sales. [...]

By Stephanie Armour, USA TODAYScores of homeowners who thought they’d cut a deal with their banks to sell their houses for less than their unpaid mortgages are seeing those agreements fall apart months later, contributing to the mounting foreclosures that threaten the housing market’s recovery.The sales of homes for less than the amount owed the [...]