Tweet Anyone who’s followed the Art of Short Sales for any period of time knows that we have not been a huge fan of the HAFA, HAMP, and other government programs designed to ease the short sale process. This week’s CNN article by Diana Olick continues to prove that over a year after its inception, [...]
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Posted in Market News
Tagged analysis, government, HAFA, HAMP, news, short sale, short sales
Tagged analysis, government, HAFA, HAMP, news, short sale, short sales
Tweet Over the weekend, Freddie Mac published an informational article discussing what it has called, “Short Payoff Fraud”. This article tipped off quite a bit of anxiety among investors and agents. Many are suggesting that this new classification of “Fraud” effectively eliminates the A to B – B to C transactions which investors often use [...]
9 Comments
Posted in Education
Tagged Disclosure, fraud, freddie mac, government, regulation, short sale, short sales
Tagged Disclosure, fraud, freddie mac, government, regulation, short sale, short sales
Tweet National Mortgage News Online reports: Fannie Mae has decided that certain distressed borrowers who agree to give up their homes as an alternative to foreclosure should get a second chance at homeownership sooner. The policy change, announced Wednesday, is meant to reward borrowers for cooperating with their loan servicers and to support the housing [...]
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Posted in Market News
Tagged fannie, fannie mae, government, homeownership, short sale, short sales
Tagged fannie, fannie mae, government, homeownership, short sale, short sales
Tweet HAFA is upon us, effective April 5th, 2010. Here are some of the posts we have featured on the Art of Short Sales over the past few months discussing HAFA and it’s impact. The HAFA Program is a Bunch of Crap This article talks about the negative feedback many are giving on the HAFA [...]
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Posted in Links, Market News
Tagged government, HAFA, HAMP, Links, short sale, short sales
Tagged government, HAFA, HAMP, Links, short sale, short sales
Tweet Boy, it sure seems like every day there is a new plan out there to help the housing market! The Wall Street Journal reported yesterday on a new plan by the Obama Administration to cut mortgage balances without actually getting the borrowers out of the home. Before we go into analysis, here are the [...]
5 Comments
Posted in Market News
Tagged government, HAMP, incentives, mha, mortgage, refinance, second lien, short sale, short sales
Tagged government, HAMP, incentives, mha, mortgage, refinance, second lien, short sale, short sales
