HAMP Supplemental Directive 09-09 A Game-changer? - 12/03/09 05:46 PM
At first blush, the Home Affordable Foreclosure Alternatives (HAFA) Program Supplemental Directive 09-09 appears to be a game-changer in the hotly-contested battle raging between distressed homesellers, their real estate representatives and mortgage servicing entities.
As part of the Home Affordable Modification Program (HAMP), HAFA will provide financial incentives to servicers and borrowers who elect a short sale or deed-in-lieu to avoid foreclosure.
The new directive will become effective April 5, 2010, according to a press release attributed to the HAMP Support Center. 
Key elements to the directive include prohibiting the servicer fromr reducing real estate commissions beyond the agreed rate reflected in … (3 comments)

 
Dennis Erickson (REMAX Realty Group)

Dennis Erickson

Bozeman, MT

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REMAX Realty Group

Address: 1933 North 22nd Avenue, Bozeman, MT, 59718

Office Phone: (406) 585-9595

Cell Phone: (406) 579-8967

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Insight into the real estate world of Dennis Erickson, real estate broker associate in Bozeman, Montana, the Heart of the New West! Observations about things Montana, sales tips, commentaries and directions to the best cinnamon rolls in town. Things you WANT to know about Bozeman Montana real estate and the Montana lifestyle.


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