What is HAFA and what does it mean to me ? In April 2010, US Treasury initiated the Home Affordable Foreclosure Alternative program commonly called HAFA. The program was designed to assist 3 million distressed homeowners avoid foreclosure through short sale. The main purpose of HAFA is to stand
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04/08/2011
How-To Get A Loan After A Short Sale Or Foreclosure Can it really be done can I get a Home Loan after a Short Sale / Foreclosure .. it will take a little time and a little work but yes you can. By far the easiest mortgage to obtain is a FHA loan: Ok tell me how . 1) 3.5 percent down payment, bas
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04/07/2011
Banks understand that at Short Sale a more viable solution in foreclosure and Short sale activity will continue to grow as Lenders attempt to stem the rising foreclosure inventory by utilizing short sales in lieu of loans going to REO. That is why sever major lenders have joined Equator in an e
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04/05/2011
Foreclosure Prevention Programs, Loan Modifications Waste of Time and Money? Taking a closer look at the realities of all the government foreclosure prevention programs sheds light on how off the mark they have been. For the record, at the time ALL of these programs were celebrated as a possible
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04/04/2011
The bottom has been hit and we are moving up a recent report on RIS Media News shows housing market moving upward and home prices climb in Gwinnett County For April 1st - Metro Atlanta sees increase in new housing starts and buyers are lining up to take advantage of this market shift .. see detai
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04/01/2011
I was recently asked about the property tax appeal process, I thought it be a good time to once again outline Senate Bill 346 The Governor signed Senate Bill 346, the comprehensive tax reform bill, on June 4, 2010. The major provisions of this bill are outlined below: Requires annual assessm
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03/23/2011
When you submit an offer on a Fannie Mae Home it is reviewed based on the following Fannie Mae reviews all offers submitted and considers several factors when determining the response. Case specific factors may impact the response or formalized approach to an offer, including: days on market
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03/08/2011
Fannie Mae is a government-sponsored enterprise chartered by Congress with a mission to provide liquidity, stability and affordability to the U.S. housing and mortgage markets. Fannie Mae operates in the U.S. secondary mortgage market. Rather than making home loans directly to consumers, Fannie M
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03/08/2011
The nation’s foreclosure inventory, swelled almost 10 percent over the course of 2010. LPS classifies loans that have been referred to a foreclosure attorney up until the final stage of foreclosure sale (i.e. all loans in process) as part of the foreclosure inventory. This rate stood at 4.15 perc
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02/09/2011
According to a new market report released by Lender Processing Services (LPS) Tuesday, delinquency rates are down across all first-lien home loan products, with an 18 percent overall decline since the start of 2010. The company’s analysts attributed the drop to more loans entering foreclosure, co
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02/09/2011