Karen Ramsey's Page

Announcement 09-33 introduces Deed-for-Lease™, a new option for qualified borrowers facing foreclosure (or their tenants) to remain in their home by signing a lease in connection with the voluntary transfer of the property to the lender through a deed-in-lieu of foreclosure transaction.



Am I the only one who thinks this is a bad idea? Does this not put more bad debt on the banks, thus making it harder for qualified borrowers to get a loan, encourage defaulting, and more importantly,… Continue

I am so pleased to announce that the House voted 403-12 in favor of extending the first-time homebuyer tax credit through April 30, 2010. Today’s vote was following Wednesday’s 98 to 0 approval of the bill in the Senate.



The bill is now en route to President Obama’s desk, where it may be signed as early as today (Friday). The Dodd-Lieberman-Isakson amendment included in this bill extends and expands the federal tax credit for first-time homebuyers. The amendment extends the tax… Continue

We have been getting many calls asking us what the new Homeowner Affordability and Stability Plan is all about. The program is designed to help homeowners who are in foreclosure, at risk of foreclosure, and/or owe more than their home's value with the primary residence. Lenders will begin being able to take applications for this program on March 4th. In the meantime, check out the website and their attached documents for more information on the… Continue