Fox Business asks Alex Charfen: “Will Rising Interest Rates Take the Steam Out of Housing Demand?”

June 19th, 2013 in Uncategorized by cdpe

If you’ve been following us here at the Charfen Institute over the past year, you know that Alex was among the first to predict the current housing inventory shortage.

But with interest rates on the rise, some people are beginning to question how long the increasing home demand can last. Dagen McDowell from the Fox Business Network’s “Markets Now” invited Alex onto her show to give us his take on the recent change:

If you feel like you’re “fighting” for listings in the current market, we highly recommend you download our “Desperate for More Inventory?” free report:

Click here to get the FREE report and more listings

When you download the report, you’ll learn how to uncover hidden sources of inventory that most agents will never know.

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Busting Bad BPOs

May 24th, 2013 in CDPE by cdpe

One of the most common challenges facing agents in the short sale arena is the bad BPO. It can be an incredibly frustrating situation and in some instances a deal killer.

So, why are they so far off the mark?
What can you do to counter?

We’ve put together an easy to follow video to help you deal with a bad BPO, and a plan to be proactive with servicers and prevent them from countering with a bloated offer. Watch the video and then download the handy BPO checklist as a valuable resource in your short sale tool kit.

Learn how to quickly identify:
• 7 cosmetic, structural, or neighborhood issues to photograph
• 5 comp criteria that the BPO almost certainly didn’t account for
• 4 things to remember during your conversations with the lender
• Every detail you need to create powerful case your short sale!

Go to www.cdpe.com/bpo to watch the video and download your free checklist!

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Bank of America Simplifies Agent Resource Center

May 23rd, 2013 in CDPE by cdpe

Bank of America has announced an update to the Short Sale section of the Agent Resource Center on their website. The reorganization, based on user feedback, is designed to improve interaction and make locating resources quicker and easier.

The tabs are now organized as:

• Forms & Tips- short sale forms, reference guides, and information on the short sale process
• Programs- information on Preapproved Price Programs, FHA, HELOC, and resources for Buyers’ Agents
• System Education- Equator specific user guides
• Help for Homeowners- Content is unchanged
• FAQs-Content is unchanged
• Glossary- Content is unchanged

If you’ve had any of these sections or pages previously bookmarked, you’ll want to update your bookmarks, as soon as possible, their URLs have changed.

For issues or questions regarding a specific short sale, contact your closing officer through Equator messaging. If you do not receive a response within two days, escalate to the team lead.

For urgent needs, such as a foreclosure postponement, or for escalation beyond the team lead, contact Short Sale Customer/Agent Care at 1.866.880.1232.

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Exclusive Industry Broadcast: Fannie Mae’s New Short Sale Escalation Process

March 14th, 2013 in CDPE by cdpe

In the last couple of months, tens of thousands of agents have registered for our industry web broadcasts with the U.S. Treasury and Bank of America. Now we’re bringing you another important industry update.

Join special guest Tim McCallum, director of short sales Fannie Mae in studio with Alex Charfen as they discuss important new changes to the Fannie Mae short sale guidelines and escalation process.

On this exclusive LIVE web broadcast on Thursday, April 11, at 4pm ET you will learn about new…

  • Streamlined documentation for faster closings
  • Resources for contacting and escalating a short sale issue
  • Mandatory servicer timelines and restrictions on resale
  • Borrower eligibility, listing, offer, and closing requirements
  • Transparency in the short sale process so you stay in the loop
  • $3,000 relocation incentives you can offer your clients
  • And much, much more!


Don’t miss out on this critically important, FREE broadcast! Register Here.

Exclusive Industry Broadcast | Fannie Mae’s New Short Sale Escalation Process | Thursday, April 11th at 4pm ET/3pm CT/2pm MT/1pm PT

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