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 their latest...
Obama
HAMP: Guidelines for Multi-Unit owner occupied extend loan balance limits.
We receive frequent inquiries from our readers and our clients regularly about finding assistance for their Multi-unit properties. While there are programs for non-owner occupied properties or investor properties the treasury has made sure that the HAMP, which only focuses on primary residences, takes into consideration those that do live in their Multi-unit residences....
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 should be dealing with is so crucial. Now...
MHA: Bank of America’s (and just about everyone else’s) spiel for Immanent Default.
Frequently our clients are concerned about approaching Bank of America to complete their immanent default interview, which happens prior to their falling behind, because they don’t know what to expect. It is important to know is that if you do not answer yes to all the questions you will not qualify for the loan modification process and...
NEWS: Tax Incentives Extended: Thousands of Short Sales saved from Buyers dropping their offers!
Anyone riding the short sale pipeline may have seen many buyers getting antsy as we came to the end of the filing period for tax payers to cash in on those home buying incentives. Well many of those last-minute buyers can wipe the sweat off their brow along with saving a lot of short...
CalHFA: We don’t need no stinkin’ government programs, Rs r gud!
Needless to say CalHFA’s review of loan modification is weak and at best they don’t even look to see if you have your basic requirements for living are met. Many times you will find that they will go through multiple level’s of management prior to actually making approvals on loan modifications, same goes as well for...
HAMP: MHA Guidelines change June 1, 2010 – Homeowners looking for help; Now is the time.
There have been many problems with the program put out by the Obama administration referred to as MHA or Making Homes Affordable but things may be changing for the better. Frequently, homeowners over the past year have only seen an 18% success rate while companies such as our own would not be able to operate under...
Fannie Mae: 30 Days or less to a Foreclosure Sale you need at least 25% down for help!
Fannie Mae in another attempt to tighten its servicing belt has decided to release new servicing procedures that are only going to make it tougher for those homeowners who find themselves in an already tough position. Starting as of this month they have increased their precautionary measures for properties that are hovering dangerously close to...
Obama: In talks to ban foreclosures.
Obama, after being left with a crippled economy, is trying to manage to keep it afloat with means necessary. This next attempt will have many homeowners staying tuned with their fingers crossed. President Obama‘s corner is throwing out what they hope is their next big solution for stopping this foreclosure epidemic and according Laurie Goodman,...