CHASE Home Affordable Foreclosure The expansion of the government's Home Affordable program introduces new benefits for those homeowners who are no longer able to retain their home but would still like to avoid foreclosure. To qualify under Home Affordable Foreclosure Alternatives (HAFA), you mu
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08/20/2011
Examining the contract California Residential Purchase Agreement PAGE 4 paragraphs 9 & 10 These paragraphs give the buyer the right to "investigate" the property and if they don’t like what they find can back out of the deal. I call it the BUYERS Due Diligence Period As the buyer, you are ent
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08/18/2011
The rental market can be brutal, especially when a hot property that is well priced comes available. It is entirely too frustrating when a property rents out quickly. What can be worse is when an apartment for rent has a dozen other applications turned in and the property manager hasn’t made a
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08/18/2011
What you need to know about Mortgage Servicing Litigation Mortgage Servicing Litigation is the last avenue for more borrowers who believe they have a case. Mortgage Litigation Report is something I keep an eye on. Mortgage servicing litigation has skyrocketed 88% in the 2011 first quarter. Th
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08/17/2011
Short sales will remain strong for the next several years as foreclosure inventories timelines grow even longer, according to the chief operating officer of Equator, a software platform for default servicers. “Short sales will be very prominent over the next 2-3 years as foreclosure inventories i
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08/17/2011
Changes For The Treasury Department’s HAFA Program On August 9, 2011, the Treasury Department issued Supplemental Directive 11-08 for its HAFA program. The new policy changes and clarifications of previous HAFA policies are as follows: •Borrowers are currently provided with a 14-day period to r
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08/17/2011
Share this story from HuffingtonPost.com with everyone you know…this could be a rule changer for those BofA borrowers who qualify. …Bank of America will soon be off the hook for mortgage abuses in exchange for a whole bunch of money. The money will be used for loan modifications and….mortgage d
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08/11/2011
Lets start by answering the question..What is HAFA?: Treasury Department introduced the HAFA program to provide a viable option for homeowners who are unable to keep their homes through the existing Home Affordable Modification Program (HAMP). The HAFA program took effect on April 5, 2010 and su
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08/11/2011
Fannie/Freddie downgraded this week, stock market tumbled, and the Fed’s promise to keep interest rates low until 2013, many have been left wondering what the impact will be on the housing market and, more specifically, how mortgage rates will change. As it turns out, stats shows that today’s
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08/11/2011
Mortgage rates dropped sharply this week, possibly improving the purchasing power of many home buyers. The 30-year fixed-rate mortgage, the most popular choice among buyers, averaged 4.39 percent this week, its lowest average for 2011, Freddie Mac reported in its weekly mortgage market survey. Th
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08/07/2011