Category Archives: HAFA Updates

FHFA has announced the extension of the HARP by two years to December 31, 2015.

Posted on April 23, 2013 by tomo92596

Good news for Homeowners still underwater and trying to avoid foreclosure! The Federal Housing Finance Agency (FHFA) has announced the extension of the Home Affordable Refinance Program (HARP) by two years to December 31, 2015. The program was set to … Continue reading →

Posted in Credit Challenges, Fannie Mae, Foreclosure, Freddie Mac, HARP, Loan Modifications, Making Home afforable Program | Tagged , , , , , , , | Leave a comment

Fitch: High Rate of Unsuccessful Mods Threatens Asset Quality

Posted on April 8, 2013 by tomo92596

Servicers continue to make strides in home retention efforts, completing more than 360,000 retention actions in the fourth quarter of 2012, according to a report from Office of the Comptroller of the Currency  (OCC). However, Fitch Ratings detects continued “weak … Continue reading →

Posted in Chase Short Sales, Credit Challenges, HAMP, HARP, Loan Modifications, Making Home afforable Program | Tagged , , , , , | Leave a comment

Status of Short Sales?

Posted on March 19, 2013 by tomo92596

Unfortunately short sales are not going to be going away anytime soon. Some of the data that supports this in California. As of today California is tied as the state with the highest unemployment. Until people can afford a mortgage … Continue reading →

Posted in Foreclosure, HAFA Updates, Loan Modifications, Making Home afforable Program, Pre Foreclosure, Short Sale Buy Back, Short Sale Lease back, Short Sales | Tagged , , , , , , , , , , | Leave a comment

How To Choose A Short Sale Realtor in Temecula California.

Posted on March 5, 2013 by tomo92596

Have you ever found yourself in a bit of a financial rut? You may understand that you might be headed for foreclosure. If you think you are just about out of choices, a short sale may be in your best … Continue reading →

Posted in Chase Short Sales, Credit Challenges, Fannie Mae, Foreclosure, Freddie Mac, HAFA Short Sales, HAFA Updates, Mortgage Foregiveness Act, Pre Foreclosure, Short Sales, Wells Fargo Short Sales | Tagged , , , , , , , , , | Leave a comment

Short Sale – Lease Back Option

Posted on February 18, 2013 by tomo92596

Short Sale Lease Back Program Homeowners facing a foreclosure may now be able to lease back and in some lender approved situations buy back their home after a short sale.  A newly launched program provides another option for homeowners who can’t afford their … Continue reading →

Posted in Chase Short Sales, Citi Mortgage Short Sales, Credit Challenges, Foreclosure, HAFA Short Sales, HAFA Updates, Pre Foreclosure, Short Sale Lease back, Short Sales | Tagged , , , , , , , , | Leave a comment

CitiMortgage to Launch Home Rental Program as Foreclosure Alternative

Posted on January 11, 2013 by tomo92596

CitiMortgage announced the launch of the Home Rental Program, a program designed to provide an alternative to foreclosure and allow eligible borrowers to stay in their homes. The Home Rental Program will be managed by Carrington Capital Management, LLC and … Continue reading →

Posted in Citi Mortgage Short Sales, HAFA Short Sales, HAFA Updates, Mortgage Foregiveness Act, Short Sales | Tagged , , , , , , , , | Leave a comment

Mortgage debt relief law extended through 2013

Posted on January 2, 2013 by tomo92596

Mortgage Debt Forgiveness extended Late last night, Congress reached a settlement in the “fiscal cliff” negotiations.  As a result, the Mortgage Forgiveness Debt Relief Act has been extended for another year.  The measure will continue to exempt from taxation mortgage … Continue reading →

Posted in Bank of America Short Sales, Chase Short Sales, Citi Mortgage Short Sales, GMAC Short Sales, HAFA Short Sales, HAFA Updates, Mortgage Foregiveness Act, Short Sales | Tagged , , , , , , , , , | Leave a comment

HOPE NOW: 5.9M Completed Mods Since 2007; Short Sales Increase

Posted on December 20, 2012 by tomo92596

Short sales continued to increase in October, while foreclosure starts fell, according to data from HOPE NOW, an industry alliance of mortgage servicers, investors, mortgage insurers, and nonprofit counselors. Completed short sales reached 38,518 in October, representing a 13 percent … Continue reading →

Posted in HAFA Short Sales, HAFA Updates, Loan Modifications, Mortgage Foregiveness Act, Short Sales | Tagged , , , , , , , , , , , , | Leave a comment

THOMAS OLSEWSKI Awarded Short Sale Lease Back Designation

Posted on October 19, 2012 by tomo92596

Wednesday,October 17, 2012 8:00 a.m. Eastern TEMECULA Real Estate Agent THOMAS OLSEWSKI Awarded  Short Sale Lease Back Designation Short Sale Lease Back Designation Recognizes Deep Understanding of Short Sales and the Lease Back program for Helping homeowners trying to avoid … Continue reading →

Posted in HAFA Short Sales, HAFA Updates, Short Sale Buy Back, Short Sale Lease back | Leave a comment

Home Affordable Foreclosure Alternatives (HAFA) Short Sale Update

Posted on September 29, 2012 by tomo92596

HAFA Supplemental Directive 12-02, effective June 1, 2012, impacts short sales with loans from non-government-sponsored enterprises in which the homeowner is eligible for the HAFA program.  Key enhancements include: Time frame extended: The program has been extended to Dec. 31, 2013. The HAFA short … Continue reading →

Posted in HAFA Short Sales, HAFA Updates, Short Sales | Leave a comment