foreclosure: Treasury releases new rules, simplifying the short sale process - 12/03/09 08:56 AM
The Treasury Department has just released new rules to help simplify the 'short sale' process.Visit https://www.hmpadmin.com/portal/docs/hamp_servicer/sd0909.pdf to view the full article.
This is a 43 page document that details what and how.  The Supplemental Directive 09-09, "Help For America's Homeowners" provides agents with insight on how servicers are being instructed to heave to and help, not just profit from keeping short sales in the system.
The emphasis seems to be on turning the corner on short sales and preventing them from becoming foreclosures.
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foreclosure: Your Way Home AZ 22% Downpayment Assistant - 11/07/09 01:29 PM
WOW!  The Your Way Home Arizona Program is a program that is now officially open and ready for approved buyers. The state of Arizona has created a program that will allow buyers who qualify to access a grant of 22% of the purchase price if they buy bank owned foreclosure properties.
These properties must be bank foreclosures that are un-occupied. There are several qualifing criterial such as income limits by county, debt-to-income ratio limits, credit score minimums as well as home buyer classes to attend and complete. This is a golden opportunity to purchase a home in Tucson, Oro Valley or … (1 comments)

 

Mark Finchem

Oro Valley, AZ

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Long Realty Company

Address: 6875 N. Oracle RD, Suite 125, Tucson, AZ, 85755

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