There have been significant policy changes made to the HAFA Program (Home Affordable Foreclosure Alternatives)Â 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 following article was written by Heather Hill Cernoch for DSNews: The Department of Veteran Affairs (VA) has instructed mortgage servicers to pay relocation assistance to borrowers completing short sales or deeds-in-lieu (DIL) of foreclosure on VA loans. “VA has a longstanding policy of encouraging servicers to work with veteran borrowers ...
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 ...
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 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 ...
Yesterday evening, December 8, 2010, Showcase Realty held the first of monthly workshops to inform the local agents and community about buying and selling distressed properties. The workshop was titled, “Success in Distress”. It was a free event, but donations for the Boys & Girls Club were taken up. There ...
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