hafa program: Foreclosure Programs - Up in Smoke....? - 03/01/11 04:31 PM
Free money is the hardest money to get.
Right now there are lots of money programs with various names.  Unemployment is one, the first time homebuyer tax credit.  These worked quite well.  Then there are others, HAMP, HAFA, etc. just not able to make a significant difference for everyone.
Maybe "incentive" is a better name for these programs, we'll call them incentives instead.
Either way, these incentives may be eliminated soon.  The House Financial Services Committee is voting this week on four bills that would eliminate the HAMP program and three other programs in place to prevent foreclosure.  They have described these … (6 comments)

hafa program: The Dirt on the New Short Sales Laws - 07/30/10 05:07 AM

The dirt on short sales
So the housing crash has left at least 11  million people in the unenviable position of owing more on their homes than they are worth. 
Although it seems grim, we are in a much better place than we were in the fall of 2008.  That was a scary time.
We've had a year and a half of first time homebuyer tax credits, some states are receiving aid to struggling homeowners, and now we have something new on the scene through the HAFA program that we hope will help too.
This federal foreclosure prevention program has … (4 comments)

 
Krista Lombardi (Prudential Calfornia Realty) Rainmaker large

Krista Lombardi

San Diego, CA

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