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 ...
In efforts to help Homeowners avoid foreclosure, Fannie Mae has developed an interactive video that people can use to gain more knowledge about the situation. Read this DSNews.com article about this new aid with homeowning below: “The Air Force uses visual flight simulators to train its pilots on proper procedures ...
Starting January 1st, a new real estate process was enacted in the state of North Carolina. This process deals with a new contract that will now be used to buy and sell homes. Originally, a potential buyer would make an offer on a property that is for sale and once ...
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 ...
The housing market’s climb from the depths of depression is continuing at an uneven pace, and economists say signs point to further slow improvement in 2011. “The trend is starting to move in the right direction,” says Diane Swonk, chief economist at financial services firm Mesirow Financial. A string of ...
2010 Analysis of Foreclosure Inventory by State Data covers about 46 million first-lien mortgages on 1-4 unit residential properties. The subprime sample of the survey totaled about 6 million loans. Using Census Bureau and other industrey data, the NDS is estimated to cover around 80 to 85 percent of the ...
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