Notable HAFA Revisions on the Horizon - 05/30/12 09:04 AM
Networking with professionals within the distressed property industry is essential to staying on top of the latest news. I recently received information from a friend that the Home Affordable Foreclosure Alternatives Program (HAFA) introduced some exciting new revisions that will be effective June 1, 2012. For all homeowners who may not be aware, HAFA is a government-backed foreclosure alternatives program that provides distressed homeowners with options to either stay in their homes or to sell them via short sale. 
Before I reflect on the changes, let's list them:
Former: owner must have resided in the property within the last 12 months … (1 comments)

Back From A Short Sale To Homeownership - 05/19/12 12:21 PM
Distressed homeowners that made decisive action regarding their financial situations in the beginning of the foreclosure crisis are steadily working their way back into homeownership. Although I have assisted homeowners nationwide with their distressed real estate problems, the majority of transactions I have completed were short sales in Louisville. Over the last decade, I have had the pleasure of watching my clients recover from foreclosure and make it back into their own homes, some of them in less than 2 years. 
One of the main messages I try to convey in my consultations with distressed homeowners is the importance of recognizing … (0 comments)

SSAA Announces New Marketing Training to Reach Distressed Clients - 05/02/12 07:31 PM
It is helpful from time to time to take a step back and investigate our nation's distressed property pulse. It is easy for us to get sidetracked and lose sight of the looming problem that has plagued our industry since 2008. I was doing some snooping around on some of my favorite news sites and came across the following figures about our nation's current foreclosure climate: 
There were 69,000 completed foreclosures in March 2012; compare that to 85,000 in March 2011 There were 66,000 completed foreclosures in February 2012 There were 198,000 in the first quarter of 2012; compare that to … (0 comments)

 
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Jonathan Bowman

Louisville, KY

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Short Sale Association of America

Address: Louisville, KY, 40243

Office Phone: 800378SSAA

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