Category Archives for "HAFA"
There have been significant policy changes made to the HAFA Program (Home Affordable Foreclosure Alternatives) are effective as of today, February 1, 2011. Look these over, and if you or someone you know applied for HAFA in the past and were denied you are now eligible to reapply. According to CDPE.com, the new policies address changes […]Continue reading
Starting February 1st, Making Home Affordable will be releasing a new HAFA guidlines to enhance the government’s short sale program. This will make it more efficient and less restrictive for distressed homeowners to participate. The new policies include: Monthly Gross Income Verification Vacant Property Requirements Release of Subordinate Liens Timing for Issuance of Short Sale […]Continue reading
The following article is from DSNews.com regarding HAMP Stats Increasing, Published December 22, 2010: The federal government’s principal foreclosure prevention program has put 504,648 distressed homeowners into permanently modified loans since it was launched in March 2009. Treasury released new numbers for the Home Affordable Modification Program (HAMP) Wednesday, and in addition to crossing the […]Continue reading
The following is from CDPE.com The following story was sent to CDPE.com by CDPE Steve Gillespie of Keller Williams Realty at the Lakes in Celebration, Florida, and represents the determination to succeed against the odds of getting HAFA short sale approval: “An 80 year-old semi-retired professional and his 60 year-old wife were $400,000 underwater in […]Continue reading
The following article was written by Nick Timiraos for The Wall Street Journal, published November 29, 2010: In April, the Obama administration formally rolled out a new program, called Home Affordable Foreclosure Alternatives, that was designed to spur more short sales, where banks allow homeowners to sell their homes for less than the mortgage debt […]Continue reading