hafa short sale: 45 Day Short Sale Approvals or Else! - 04/18/11 11:52 AM
Posted By: Jacob Swodeck, PartnerFirst - Director of Education

A new bill that would give servicers 45 days to respond to short sale requests was introduced in the in the U.S. House last week. If passed into law, the Prompt Decision for Qualification of Short Sale Act of 2011, would "require the lender or servicer of a home mortgage, upon a request by the homeowner for a short sale, to make a prompt decision whether to allow the sale."
 If this sounds too familiar to you it may be because a similar bill was introduced in September of last … (0 comments)

hafa short sale: Happy Birthday HAFA - 1 Year Old Today! - 04/05/11 12:27 PM
By: Jacob Swodeck, PartnerFirst - Director of Education

I just celebrated my son's one-year birthday late last year.  The party, the presents, the excitement-it was lots of fun!  And there are always those well-intentioned people who asked questions like,  "Is he walking yet, or saying words yet?"  A one year birthday seems to bring about a desire to measure the stature or progress of a thing.  Interestingly enough, HAFA turns one year old today (The Treasury's version).  So, let us ask the questions about its progress, and stature.  Is HAFA up and walking yet?  Or is it still a cute … (1 comments)