Short Sales Homes Afforable Foreclosure Alternative for South Florida Homeowners has New Policy Update for 2011 Susan Penn's Blog - 01/10/11 10:49 PM
Money seems to be able to speak louder than most words. Money is speaking right now with Homes Afforable Foreclosure Alternative (HAFA) and with help to revamp it. One of the main features of HAFA's new policy centers around second mortgages.
 At the launch of HAFA, February 2009, the cap rate that services / lenders were receiving as payoffs when there was a (HELOC)- Home Equity line of credit or second mortgage on a personal residence was 3% or an aggregate total of $3,000.00. By March 2010 this $3,000.00 for a junior lien holder amount changed to an increase of 6% … (0 comments)

Short Sales - Susan J. Penn's blog - Short Sales for 2011 - 01/01/11 09:34 PM
                   SHORT SALES - SUSAN J. PENN,PAShort Sales have become the new real estate frontier for 2010. Short sales have come as a result of the real estate bubble bursting and property owners seeing the markets pricing on their houses deflating. Short Sales usually occur when the homeowner is behind in their mortgage payments and/or other liens. The lender agrees to accept less than what is owned because the homeowner is experiencing a hardship.Susan J. Penn, PA has been helping South Florida buyers and sellers with short sales for the last three years. Susan J. Penn, PA has sold short sales with IRS tax liens, … (0 comments)

 
Headshot Rainmaker_large

Susan J. Penn, PA,CDPE,SFR

Weston, FL

More about me…

EWM

Address: 2000 Main Street, Weston, FL, 33326

Office Phone: (954) 515-0100 x 7337

Cell Phone: (954) 557-5993

Email Me



Listings

Links

Archives

RSS 2.0 Feed for this blog

Find FL real estate agents and Weston real estate on ActiveRain.