Exclusive Short Sale interview with Laurie Maggiano From The US Treasury
You may not be aware of the role the US Treasury has played in the housing market over the last few years, but it has had a huge role in getting us on the road to recovery. There is no one single person who has been as influential as Laurie Maggiano, who is one of the architects of the government-backed Making Home Affordable program which created uniform guidelines for loan modifications, HAFA short sales, and foreclosure prevention. Laurie is the Director of Policy for this office at the Treasury Dept. Laurie used to be involved in real estate as a broker and has worked for FHA and in many other housing related positions.
Laurie’s work at Treasury helped servicers and investors not only adopt HAFA short sales, but helped forge new guidelines that include making deficiency releases and relocation money a standard when it comes to short sales.
Her work along with her team’s work was responsible for many of the programs that have helped so many people across the country avoid foreclosure.
I recently had a dream come true and was invited to the US Treasury to get an exclusive interview with Laurie where she gave us an exclusive in-depth interview on everything from MHA to HAFA short sales.
See below a clip for the recent interview and for the full interview go to www.shortsalecampus.com
In the interview she also goes through the recent changes for 2013 for HAFA short sales and all short sales which are very important for the real estate industry as there have been some drastic changes to guidelines and procedures that all agents and consumers need to be aware of. Many procedures have changed on short sale time lines, occupancy restrictions, increase of payments to second mortgages and relocation assistance to sellers.
If you have ever dealt with a short sale you can attest that sometimes they can be difficult. In the interview Laurie discusses:
· An escalation tool agents and consumers can use when "stuck" and the servicer or investor are not responding.
· A detailed explanation of how to use the escalation tool with a link to where to find it on Treasury’s website.
· How you can access a plethora of FREE marketing materials from the US Treasury to help you with clients in these situations.
· Tips and advice to be more successful at closing short sales.
Since learning of this resource I have used it on several of my personal short sales and I can attest, this is a great tool.
The US Treasury also offers a plethora of marketing materials for agents to use to hand out to homeowners that explain all of the foreclosure prevention option in detail. These items can be ordered direct from the US treasury for free, and are great presentation material to give to potential consumers who need further information on this subject. In the video we tell you where to go to get these materials.
Having being involved in several hundred short sales I can say this was one of the best educations I have ever gotten on this subject.
Never before has so much quality content on this subject been released on video. This is great information for all realtors and consumers. Please feel free to share this on your sites, social media channels, or wherever you see fit. This is a mountain of valuable content, and I am grateful that Laurie and the US Treasury were so gracious to share this information.
Below is a link to the full video: www.shortsalecampus.com