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short sales: The Banks are Fighting for Foreclosures !!! A Better Bottom Line for the Bank - 04/10/10 01:19 PM
The article below was featured on the MSN Money web site today. This just again is typical of what is going on out there in the housing sector of our economy! I find this chilling that the bank would find it more advantageous to foreclose on the home. I'm still not comprehending what is going on behind the scenes, but the government sure has changed the game and I do not think it has been for the better. When my parents were having issues back in the early 80's with the Oil Bust in Houston, the banks didn't want people's homes! … (2 comments)

short sales: HAFA and HAMP - 03/12/10 07:46 PM
HAFA and HAMP (edit/delete)
The Treasury Department is now offering a new program supporting the banks on doing short sales with the Home Affordable Foreclosure Alternatives Program (HAFA). This is the latest program under the Home Affordable Modification Program (HAMP), designed to offer alternatives to homeowners facing foreclosure. 
THE HAFA PROGRAM:
The above program is now coming on to compliment the HAMP (Home Affordable Modification Program) program that was put into place by the Obama administration last year. Only a very small percentage of homeowners have been able to qualify for the HAMP program because the guidelines for qualifying are very tight.
Conveniently 6 months … (7 comments)

short sales: What is the relationship in the Short Sale between the Senior & Junior Lien? - 03/09/10 02:00 PM
I sent this blog off yesterday after my meeting, but didn't get much of a response...does anyone have an idea of the relationship between the Senior, Junior, and MI on a short sale payoff? Anyone know about the repercussions?
I went to the March Woman's Council of Realtors meeting today here in San Diego and they had a panel of different banks and their representatives to answer questions about the short sale. I was going to ask a question, but they were running out of time and I didn't get a chance for clarification. The banks that were represented were Wachovia, … (2 comments)

 
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Tiffany Torgan~La Jolla, CA. Real Estate

La Jolla, CA

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La Jolla, California Resident for 12 years comments about happenings in and around the La Jolla Community and the San Diego Real Estate Market. She has been a Featured Agent on HGTV's Show "What you get for the Money", and she specializes in San Diego and the various unique coastal San Diego Communities. Tiffany has recently opened Harcourts Prestige Properties in La Jolla, CA. Harcourts is the fastest growning real estate company in the world and is based out of Australia. Harcourtsprestigeproperties.Com

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