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The Blake Mayes Team
1420 W Washington
Boise, Idaho 83702
CELL: 208.861.6769
Idaho Foreclosure Info & AssistanceIdaho Foreclosure Real EstateWhat's Your Home Worth?

A native of Idaho, Blake Mayes was born and raised in a small farming community just outside of Boise, ID. Working hard for everything all of his life, Blake understands the importance of hard work, integrity, respect and the dedication it takes to be a successful individual. He has applied these strong core values to his work in real estate with amazing results.

A leader in Idaho real estate since 1997, Blake Mayes and his team of real estate professionals have the experience and skills to find the homes and properties you want. The Blake Mayes Team specializes in working with First Time Home Buyers and Bank Owned Real Estate throughout the Treasure Valley.

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Certified Distressed Property ExpertA Certified Distressed Property Expert® (CDPE) has a thorough understanding of complex issues in today’s turbulent real estate industry and knowledge of foreclosure avoidance options available to homeowners. CDPEs can provide solutions, specifically short sales, for homeowners facing market hardships.

Homeowners regularly proceed without guidance of any kind through the often financially and emotionally devastating prospect of foreclosure. Speaking with a well-informed, licensed real estate professional is the best course of action for a homeowner in distress. Through comprehensive training and experience, CDPEs have the tools to help homeowners find the best solutions for their unique situations and to avoid foreclosure through the efficient execution of a short sale.

Living through financial difficulties poses a challenge for any family, so why make the process of finding a qualified real estate professional difficult too? Select an agent with the CDPE Designation to ensure you have a trained professional to address your specific needs. For more information, contact me directly.
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Short Sale Changes to Freddie and Fannie

Good news for real estate investors, first time home buyers, and agents that work in short sales!

Starting June 15 agents working with distressed homeowners whose loans are handled by Fannie Mae and Freddie Mac can expect to get a decision of their short sale offer within 30-60 days. The new guidelines issues by the GSEs fall under the Servicing Alignment Initiative rolled out last fall and aims to bring more transparency to the short sale process and also to expedite decisions related to these types of pre-foreclosure sales.

You can find more info on what short sales are here.

In essence a short sale is not only an effective foreclosure alternative when keeping the home is not an option but it also helps keep homes occupied and maintains a more stable community. These new changes will hopefully address real estate agents number one complaint concerning short sales by establishing a new uniform set of minimum response times that services must follow.

So what happens if more time is needed?
If more than 30 days is required services must provide the borrow with weekly updates on progress and must come to a decision no later than 60 days from the date of the BRP/offer was received. Should a service make a counteroffer the borrower is then expected to respond within 5 business days; the servicer must respond within 10 business days of receiving the borrower’s response.

For the most part these changes come as a welcome relief to what can be a complicated process. Are you facing foreclosure, or need help understanding short sales? Talk to me and see how working with a qualified REALTOR® can help you!

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