Pam Marron Home Lending

Housing Counselors Hone Skills for Service That Will Assist Those with Past Short Sale, Deed-in-Lieu or Modification Where Credit Shows Up as Foreclosure

July 8, 2017 by · Leave a Comment

By Pam Marron | National Mortgage Professional Magazine |July 2017 Step One… Loan Originators and Realtors need to ask ALL clients if they’ve had a short sale, Deed in Lieu (DIL) or loan modification in their past. If they have, run the loan through Fannie Mae and Freddie Mac automated systems first to see if […]

Better Details Needed for FHA Back to Work, Conv “Extenuating Circumstances”

May 6, 2015 by · Leave a Comment

Better Details Needed for FHA Back to Work Program and Conventional “Extenuating Circumstances”   By Pam Marron For past short sellers who have gone through the loss of a home and are eligible to return, criteria needed for a new mortgage is vague. The result is a partial story. Proving “extenuating circumstances” and confining the […]

Banks Have Discovered More Profit to be Had in Delinquent Loans

April 17, 2012 by · Leave a Comment

UPDATE as of 8/24/12: After talking with the U.S. Treasury, it was learned that servicers can receive fees whether underwater customers are delinquent or pay on time throughout a short sale. to find out if your lender will allow your mortgage payment to be current through a short sale, click here   The average scores […]

Important Factors To Consider When Getting Financing On A Foreclosure, Short Sale or New Construction

March 28, 2010 by · Leave a Comment

Short sales, foreclosures and new construction homes all have caveats that need to be considered when pursuing financing. If the guidelines and potential pitfalls are not properly understood, you could face delays in closing or potentially even a denied loan. Short Sales & Foreclosures – Short sales and foreclosures are everywhere. They often represent great […]