homeowners: What Will Cause the Housing Market To Recover (And it will)
- 02/27/10 12:01 AM
We all know where we are today in terms of equity losses and real estate values being in the tank. Each state has it's own issues and every county is a micro economy with its own economic situation. As the saying goes, its a local business. Although we will all recover eventually, some are recovering and growing now. Others, due to natural and other resources will recover quicker and some will lag behind for quite some time. We will recover as a nation, and hopefully we will emerge stronger and with a cleaner environment for our children. Below are a couple of … (14 comments)
homeowners: To Modify or Not to Modify
- 10/18/09 03:25 AM
There certainly is a lot of confusion about modifying for the average homeowner to try to navigate through today and it is changing by the minute. We have the acronyms coming out of space at us and we as professionals are trying to keep up with it all. What's a homeowner to do when the lenders can't even figure it out themselves? What you might want to consider before you even look at a modification is your own local real estate market, you local economy, and the stability of the neighborhood you live in, in addition to how much you actually … (3 comments)
Home Affordable Foreclosure Alternatives (HAFA) may be announced by the U.S. Treasury sometime soon. "HAFA will offer financial incentives to both servicers and borrowers, and associated secondary investors, in order to facilitate a short sale or deed in lieu of the property", according to an article published in HousingWire.com. In addition, a Treasury official reported that borrowers will need to be eligible for the Home Affordable Modification Program (HAMP) in order to participate in the HAFA program. A program to streamline the short sale process and the extension of the $8000 … (1 comments)
We all know where we are today in terms of equity losses and real estate values being in the tank. Each state has it's own issues and every county is a micro economy with its own economic situation. As the saying goes, its a local business.
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