HAFA Horrors! Traditional Short Sales Offer Homeowners "Like" Incentives..No Approvals Necessary!
Not to say HAFA is a complete failure...there are a select group of homeowners that have made it through the "hoops" of the treasury guidelines and have been able to wait out the long approval process to finally be approved. From first hand experience with our own...
Hot Off Press: HAMP Cuts Loan Mod Projections by 1/2…Time For Short Sale?
More news on Failed Loan mods... The 3.3 million borrowers estimated to be eligible for a Home Affordable Modification Program workout in December 2009 was reduced to 1.4 million by the end of 2010, according to the latest Treasury Departmentestimates. And not all...
H.R. 430 Bill to End Failed HAMP Program
Today, Republican Congressman...Representatives Jim Jordan (R-OH), Darrell Issa (R-CA), and Patrick T. McHenry (R-NC), announced the introduction of H.R. 430, a bill to repeal the Home Affordable Modification Program (HAMP). Why? because it's a colossal flop!...
Bankruptcy Judge Upholds Foreclosure Mediation
Well..we're seeing changes happening in the BK courts... Rhode Island BK Judge Arthur N. Votolato, upheld his program that he initiated back in November 2009. This program he labeled the "loss mitigation program" was intended to require lenders to work with homeowners...
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