Pam Marron Home Lending

Fannie Mae Fix out Nov.16, 2013 and Two Fixes for Erroneous Foreclosure Code on Past Short Seller Credit Working Now!

Effective Nov. 16, 2013, Fannie Mae "Fix"! Desktop Originator/Desktop Underwriter  Release Notes DU Version 9.1 Updated October 22, 2013 During the weekend of Nov. 16, 2013, Fannie Mae will roll out automat ...

For short-sellers, some good news, by Kenneth R. Harney, Washington Post

THE NATION'S HOUSING COLUMN Friday, Sept. 6, 2013 For short-sellers, some good news By KENNETH R. HARNEY WASHINGTON -- Policy changes by two of the biggest players in the mortgage market could open doors ...

Submit a Complaint to the CFPB if your past short sale is erroneously coded as a foreclosure!

If you are a past short seller who is eligible for a new mortgage but are being turned down because your past short sale is being coded as a foreclosure, please notify the Consumer Financial Protection Bureau at h ...

Fannie Mae move comes as result of congressional scrutiny initiated by Nelson

WASHINGTON, D.C. – The nation’s largest home mortgage provider is expected to announce any day now that it has found a fix to the problem of computers reporting short sales as more financially harmful foreclosur ...

Underwater Florida Residents: Be Prepared on 10/1 at 9am for $50,000 Principal Reduction through HHF!

REPEAT: Underwater Florida Residents: Be Prepared on 10/1 at 9am for $50,000 Principal Reduction through Florida's Hardest Hit Funds! Only 25,000 applications will be processed initially! Chris Chmura, Fox 13 WTVT ...

Pasco man gets around home lending glitch

Posted: August 28, 2013 By Shannon Behnken PASCO COUNTY, FL -In 2010, George Albright's Trinity home lost half its value, and he lost income. His lender agreed to allow the house to sell for less than Albr ...

National Consumer Reporting Assoc.(NCRA)...Could Not Have Done This Without Them!

Perception of Short Sellers is Half of Story

Yesterday I had a conversation that hit me to the core, as so many have done over the past 2 years. I spoke with a mortgage banker in California who was calling to find out how to get the foreclosure code corrected ...

Numerous Problems Surround Underwater Homeowners: To Get Short Sale Approval, Throughout Process, and Afterwards

Problems Outlined. There are solutions. Anyone listening? If you are having any of problems noted below, please email Pam Marron at pmarron@tampabay.rr.com or call 727-375-8986. 1.) Credit:         S ...

Bright Spots and Challenges Ahead for Short Sellers

Homeowners Try to Get Short Sale Approved While Being Current but Lenders Make it Impossible to Proceed! Short Sale Bright Spots There are some bright spots. Lenders like Wells Fargo and Chase are doing the r ...

Attention finally coming to Short Sellers and Underwater Homeowners…. and Immense Thanks to all who are helping!

You know when you finally get somewhere when you have been trying for a long time, and it finally happens? It is finally happening, and thanks to the staff at U.S. Congressman Gus Bilirakis’s office, I am going to ...

Realtors: Why Help Short Sellers Repurchase?

More Buyers NOW = Realtor Income Increase NOW = Higher Values NOW! Example in tri-county Tampa Bay, Florida alone: Pinellas, Hillsborough and Pasco Counties: increase the number of homebuyers in the marketplace ...


Video: Past Short Sellers Can Be Homeowners Again!

  Video: Past Short Sellers Can Be Homeowners Again! George Albright, like many past short sellers, had a problem when he was eligible to repurchase a home. His past short sale credit was showing up as a foreclosure. George made this video to explain how he was able to get his credit corrected and buy a new home again. How many past short sellers, or those who may have to short sell, can this help? Simple instructions for past short sellers, realtors and lenders! Click on picture above or go to http://youtu.be/ZPvzVpnwKRI Read More...



Senator Bill Nelson and CFPB fix erroneous code issue with Fannie Mae!

Fannie Mae move comes as result of congressional scrutiny initiated by Nelson  WASHINGTON, D.C. – The nation’s largest home mortgage provider is expected to announce any day now that it has found a fix to the problem of computers reporting short sales as more financially harmful foreclosures in many consumers’ credit reports.  The fix stems from a congressional hearing held by U.S. Sen. Bill Nelson in May examining how the lending industry was reporting short sales with the same computer code used for foreclosures in the credit reports of an untold number of consumers. The practice tainted consumers’ credit ratings, and potentially delayed by a number of years their ability to qualify for new loans on purchases like homes or cars.  Banks and credit bureaus have said the reporting problem was caused by an error in the standardized computer software the industry used, which had no special code to report record a short sale – a transaction that was relatively rare pr ... Read More...



For short-sellers, some good news, by Kenneth R. Harney, Washington Post

THE NATION'S HOUSING COLUMN Friday, Sept. 6, 2013 For short-sellers, some good news By KENNETH R. HARNEY WASHINGTON -- Policy changes by two of the biggest players in the mortgage market could open doors to home purchases this fall by thousands of people who were hard hit by the housing bust and who thought they'd have to wait for years before owning again. Fannie Mae, the federally controlled mortgage investor, has come up with a "fix" designed to help large numbers of consumers whose short sales were misidentified as foreclosures by the national credit bureaus. Under previous rules, short-sellers would have to wait for up to seven years before becoming eligible for a new mortgage to buy a house. Under the revised plan, they may be able to qualify for a mortgage in as little as two years. Homeowners who are foreclosed upon generally must still wait for up to seven years before becoming eligible again to finance a house through Fannie. Industry estimates suggest that mor ... Read More...



Why NOT TO DISPUTE Erroneous Foreclosure on Credit Report

When the erroneous FORECLOSURE account is disputed, it drops off of the automated Fannie Mae or Freddie Mac underwriting report. However, the findings notate the account as a "dispute" and lenders must delete dispute from credit report, obtain new credit and rerun Fannie Mae AUS. Then, the FORECLOSU ...
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Fannie Mae Fix out Nov.16, 2013 and Two Fixes for Erroneous Foreclosure Code on Past Short Seller Credit Working Now!

Effective Nov. 16, 2013, Fannie Mae "Fix"! Desktop Originator/Desktop Underwriter  Release Notes DU Version 9.1 U ...


Video: Past Short Sellers Can Be Homeowners Again!

  Video: Past Short Sellers Can Be Homeowners Again! George Albright, like many past short sellers, had a problem when he was eligible to repurchase a home. His past ...

Underwater Florida Residents: Be Prepared on 10/1 at 9am for $50,000 Principal Reduction through HHF!

REPEAT: Underwater Florida Residents: Be Prepared on 10/1 at 9am for $50,000 Principal Reduction through Florida's Hardest Hit Funds! Only 25,000 appl ...


Fannie Mae Desktop Underwriter (DU) Vers. 9.1 Release Webinar Available!

Lenders, loan officers, credit companies; Sign up for Desktop Underwriter (DU) Version 9.1 Release Webinar dates at https://www.fanniemae.com/s/mor ...

Pasco man gets around home lending glitch

Posted: August 28, 2013 By Shannon Behnken PASCO COUNTY, FL -In 2010, George Albright's Trinity home lost half its value, and he lost income. His lender agreed to allow t ...


Thanks to Senator Bill Nelson, Who Called for Correction of Short Sales Erroneously Coded as Foreclosures

              Senator Bill Nelson (FL-D)                                               ...

National Consumer Reporting Assoc.(NCRA)...Could Not Have Done This Without Them!


Fannie Mae move comes as result of congressional scrutiny initiated by Nelson

WASHINGTON, D.C. – The nation’s largest home mortgage provider is expected to announce any day now that it has found a fix to the problem of compu ...

Finally, A Solution for Short Sellers

August 30, 2013 Immediate Release Media Contact: Pam Marron 727-375-8986 pmarron@tampabay.rr.com www.CloseWithPam.com   Reference info attached: Senator Nelson/CFPB fix for the short sale code that will help the very people caught up in the short sale/foreclosure lack of appropri ...
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Short sales coded as foreclosures hurt credit

Posted: August 26, 2013 By Shannon Behnken PASCO COUNTY, FL - For a distressed homeowner who owes way more on a mortgage than a home is worth, a "short sale" can be a tic ...

Negative Equity Declines in 2Q13, but Trouble Looms for Many Homeowners

By Evan Nemeroff  AUG 29, 2013 12:40pm ET With home values rising over the last several months, the national negative equity rate is falling. But for millions of homeowners, it could take years for them to regain equity, Zillow said. Approxi ...
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Making the Case for Imminent Default Instead of Delinquency: Allow Underwater Homeowners to Move Forward

For what seems like the hundredth time, I have spoken to another underwater homeowner who is bewildered about how to move forward. Their lender, realtor or attorney is telling them that they must go delinquent in order to exit a home where the amount ...
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Short Sale Hardship

Explaining what is really happening is like reliving a bad divorce all over again. Recently, I was told that lenders have a perception that underwater homeowners simply stop making their mortgage payments when ...


People Network to Assist Underwater Homeowners and Past Short Sellers

Information coming soon! Contact Pam Marron, Sr. Loan Originator at Bankers Mortgage of Pasco County, Inc. at 727-375-8986 or email pmarron@tampabay.rr.com.

40 Million Mistakes: Is your credit report accurate? 60 Minutes

 Feb. 10, 2013  


Short sales show up on credit reports as foreclosure, sellers unable to get back in housing market

Posted: 05/09/2013 By: Jackie Callaway    Click on picture and link to video   TRINITY, Fla. - More and more short sales are ...

HIGH RECOMMENDATION for Attorney Chae DuPont with Morris and DuPont

  For all real estate loss mitigation, #1 recommendation for "to the point" services! HIGH RECOMMENDATION FOR ATTORNEY CHAE DUPONT! For the last 2 yrs, I have been a ...


Senator Nelson requests fed probe of misleading information entered in consumer credit files

Short sales get reported as foreclosures Senator Nelson's letter
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Problems Surrounding Underwater Homeowners and Short Sellers

Click title to view document taken to Washington, D.C. on April 8-10th. Problems Surrounding Underwater Homeowners and Short Sellers