loan servicers: IS HAFA’S PROGRAM A BREACH OF HUD’S FAIR HOUSING ACT?? - 02/27/10 08:59 AM
 
According to HAFA (Home Affordable Foreclosure Alternatives) program slated to take effect April 5, 2010, lenders MUST first evaluate/advise homeowners on HAMP (Home Affordable Modification Program) loan modification programs prior to any consideration of eligibility of the HAFA short sale option.
 One of the goals of the new HAFA program is to simplify and streamline the use of the short sale option by incorporating the following unique features:
Uses borrower financial and hardship information already collected in connection with consideration of loan modification. Allows borrowers to receive pre-approved short sales terms before listing the property (including the minimum acceptable net proceeds). … (22 comments)

loan servicers: Fannie Mae Expedites REO Sales - 01/09/10 06:14 AM

Offers may be accepted without notifying loan servicers
By Inman News, Wednesday, January 6, 2010.
Inman News with Commentary by Diane Wheatley, Broker
My office recently went over Bank of America's head out of pure frustration and poor communication and called Fannie Mae direct to inquire about why B of A was telling us that our approval letter good until January 11, 2010 was no longer valid due to new Fannie Mae requirements. 
Low and behold, Fannie Mae got right on the file, contacted Bank of America to notify them that they would be postponing the trustee sale in … (2 comments)

 
Diane Wheatley, Broker, SoCal Real Estate Expert (909) 815-4499 (Move Up Properties) Rainmaker large

Diane Wheatley

Broker, SoCal Real Estate Expert (909) 815-4499

Rancho Cucamonga, CA

More about me…

Move Up Properties

Address: 2335 Foothill Blvd., Suite 5, Upland, CA, 91786

Office: (909) 981-5400

Mobile: (909) 815-4499

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Survived the mortgage meltdown and live to teach others how to buy and sell in the "move up" market in California.


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