lenders: 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)

lenders: Home Affordable Foreclosure Alternatives (HAFA) To Be Announced Soon - 10/17/09 11:58 AM
This is very good information and very good advice.

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)

 
Nancy Deichman, CDPE (Re/Max Premier Realty, Inc.)

Nancy Deichman

CDPE

Ocala, FL

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Re/Max Premier Realty, Inc.

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