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Bank of America: Fannie Mae(FNMA) Loans to go through new ringer for HAFA Program Assistance for Homeowners

Would you think that they would let the homeowner’s get off easily for that long? Well it seems that Fannie is back at it again. This time at Bank of America with a whole slue of new hoops for the very tax payers keeping their doors open. In this case it seems...

HAFA: Making homes affordable HAFA Options Pamphlet

The Government’s alphabet soup of mortgage help programs has really set a lot of confusion amongst homeowner’s, agents, and professionals alike with all the programs that they have brought to pass. HAFA, as relatively one of the newer programs, has been...
MHA:What is the HAMP review? Frequently Asked Questions.

MHA:What is the HAMP review? Frequently Asked Questions.

Many different acronyms get thrown around frequently in the business world. The banking world being one of the largest cogs in private sector it is no wonder confronting your mortgage company and getting a clear understanding of what they are trying to say or who you...
Wachovia: Wells Fargo advising that if a home is in California don’t wait till the last minute.

Wachovia: Wells Fargo advising that if a home is in California don’t wait till the last minute.

In a recent conversation with a Wachovia representative we were advised that their rule of thumb for properties in California is to no longer postpone when within 5 business days of a foreclosure sale. They advised that there is a foreclosure law set in the state of...
MHA/HAMP/HAFA: Harsh rules leaving many homeowners in trouble.

MHA/HAMP/HAFA: Harsh rules leaving many homeowners in trouble.

Many times these programs that we deal with for our clients change for the better but there are also certain times that they change for the worse. I guess only adding insult to injury is that fact that it is our own government, supported by our tax dollars, making...
Bank of America: Understanding BAC Loan Servicing LP’s  acceptance of Counter Offer Terms

Bank of America: Understanding BAC Loan Servicing LP’s acceptance of Counter Offer Terms

Realtors have told us the better they understand the counter offer process, the more successful they are in closing short sales. The following facts related to the counter offer process are critical to closing short sales in Equator. Fact #1: Your acceptance of the...