Short Sale Power

Fannie Mac Introduce Home Affordable Foreclosure Alternatives Program

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WHAT IS HAFA AND HOW IT WILL HELP HOME OWNERS?

HAFA  the Home Affordable Foreclosure Alternatives Program is a government sponsored initiative to aid eligible homeowners by pre-approving short sales before listing and releasing them from future liability of mortgage debt. HAFA was introduced to simplify and streamline the short sale process. HAFA accomplishes this by utilizing standardized forms and by setting forth strict timeframes that both the servicer and borrower must adhere to. Read More

Help for Homeowners

• What help is available for borrowers who stay current on their mortgage payments but have seen their homes decrease in value? Read More

Bank of America reducing principal on loan balances

Bank of America on Wednesday 24^{th March 2010}   announced a program to offer homeowners who owe significantly more than their homes are worth the opportunity to have their loan balances reduced. Read More

Obama May Prohibit Home-Loan Foreclosures Without HAMP Review

President Obama and his  administration may expand in it’s efforts to resolve the housing crisis by banning all foreclosures on Owner occupied home loans unless they have gone throught and  rejected by the government’s Home Affordable Modification Program. Read More