New Short Sale Programs and Best Practices with HAFA and Bank America
[caption id="attachment_2922" align="aligncenter" width="280" caption="HAFA is the last ditch government effort to keep folks out of foreclosure"][/caption] Sacramento HAFA Short Sale Specialist Reports on Newest Government Short Sale Programs and Short Sale Processing Industry Change. If you are thinking about a HAFA short sale in Sacramento or just looking for HAFA Short Sale Information in Sacramento, you will want to return here to SACRAMENTO SHORT SALE CENTER and wereheretohelp.org; we are your source for great Sacramento HAFA short sale information. HAFA and Equator I am really liking the direction the short sale processing world is headed right now... we are seeing huge changes in the way short sales are handled by servicers. I just hope the trend continues and the short...
Fannie Mae Institutes the “Alternative Modification”
Sacramento Certified Pre-Foreclosure Specialist Report: Fannie Mae's Alternative Modification [caption id="attachment_1761" align="aligncenter" width="375" caption="Fannie Mae Institutes Alternative Modification for those who don't qualify for HAMP"][/caption] Modification News from DSNews: Servicers are working faster and more diligently to convert trial modifications to permanent status under the administration’s Home Affordable Modification Program (HAMP). In February, the number of mods in thepermanent column increased 45 percent compared to January. But the bitter truth is that some homeowners won’t qualify for long-term relief even after successfully making their trial payments – whether it’s because of insufficient documentation during the final application process or because once income is verified, their debt-to-income ratio pushes them out of the qualifying bracket. To offer these homeowners another option, Fannie Mae is instituting...
Sacramento County Short Sale Expert Report
Sacramento Short Sale Information And News [caption id="attachment_1688" align="aligncenter" width="300" caption="HAMP Report Card For February"][/caption] ADMINISTRATION RELEASES HAMP FEBRUARY LOAN MODIFICATION REPORT Number of permanent modifications increases by 45 percent WASHINGTON - The U.S. Department of the Treasury and the Department of Housing and Urban Development (HUD) today released February data for the Administration's Home Affordable Modification Program (HAMP). As of the end of the month, more than one million borrowers were receiving a median savings of $500 each month - a 36 percent median monthly payment decrease. Permanent modifications have been granted to 170,000 homeowners and an additional 91,800 permanent modifications have been approved by servicers and are pending only borrower acceptance. These are some troubling numbers... Only about 12% Success rate! Number of...
Citi’s Foreclosure Alternative Allows Homeowners to Stay for Six Months
[caption id="attachment_1285" align="aligncenter" width="300" caption="Citibank Has Started a New Anti-Foreclosure Program, Allowing Families To Stay For Up To Six Months."][/caption] Sacramento Certified Short Sale And Pre-Foreclosure Specialist Reports: HAFA will have a major impact on the industry! Looking For Government Guidelines? HAFA , HAMP, HARP, 2MP... Government Programs … Check Your Eligibility Now. Citibank begins new Foreclosure Alernative program to allow homeowners to remain in home up to six months. According to DSNews.com: As one of the nation’s largest mortgage servicers, CitiMortgage is still contending with a deluge of foreclosures that just doesn’t seem to be abating, despite stepped up mitigation efforts and government relief programs. More Sacramento Foreclosure Advice. On Thursday,...
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