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 documents [...]
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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
A new article yesterday from the NY Times discusses the upcoming HAFA programs in some detail: March 7, 2010 Program Will Pay Homeowners to Sell at a Loss By DAVID STREITFELD In an effort to end the foreclosure crisis, the Obama administration has been trying to keep defaulting owners in their homes. Now it will [...]
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Posted in Market News
Tagged government, HAFA, incentives, news, short sale, short sales
Tagged government, HAFA, incentives, news, short sale, short sales
