Freddie Mac’s Homesteps unit just kicked off their latest sales promotion, Full House, which runs from May 1 to September 29 and offers buyers a portion of their closing costs paid and selling agent bonuses up to $1,000 on any of the nearly 10,000 Homesteps homes nationwide.
They “will pay up to 1.5%* of your purchase […]
It pays to be careful when hiring companies to handle evictions. An Indiana couple reportedly had their home padlocked and their belongings removed when the contractors hired to handle the trash-out went to an address on East La Salle Avenue instead of West La Salle. In some states, the presence of furnishings would […]
Two men who claimed they were owner-occupant purchasers in order to bid on HUD properties during the initial bid period were fined $5,000 each and placed on probation. Three other people indicted in the scheme are awaiting sentencing. The two had contracted to be owner-occupants of nine separate HUD-owned REOs.
Two men have been […]
Freddie Mac’s REO unit, Homesteps, is back with a repeat of the summer’s Power Houses promotion with bonuses for selling and listing agents and closing cost concessions for buyers. The promotion is running on all offers presented now until the end of the year and with escrow closed by February 17, 2006. […]
Here’s a lesson to everyone in the default servicing industry. Countrywide Home Loans identified the wrong condo in a foreclosure proceeding and removed all the personal property while the owners were away from home. A Las Vegas jury awarded the couple $922,690 in compensatory damages and $2.5 million in punitive damages.
It’s easy […]