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Fannie Mae: Bank of America’s HAFA program sees major changes… Leaves many homeowners in the lurch and forecloses on those who waited.

Fannie Mae: Bank of America’s HAFA program sees major changes… Leaves many homeowners in the lurch and forecloses on those who waited.

As of July 13th 2011 Bank of America received a new guidelines (or in the business it is called a directive) from our old pal Fannie Mae(FNMA). In this new guideline change they are requiring homeowners that look to go through the HAFA program to actually jump through...

Wells Fargo: Short Sales go through Equator… Well at least for the most part.

Wells Fargo has a long standing reputation to upkeep of being the fuddy duddy of the Loss Mitigation industry. I am sure that if they could convince people to submit their short sale and loan modification packages via the old horse drawn cart they would. Well in an...

Bank of America: Steamlined Cooperative Short Sales with no Paperwork! No way…

Bank of America in an effort to close more deals has designated a company, Default Servicing LLC., since September to begin contacting homeowners that were pre-qualified for the short sale process. Their new program, shrouded in part due to secrecy of how to qualify,...

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...

21st Century Mortgage: Talk about crazy short sale deals.

When everyone talks about the great short sale deals I don’t think they have frequented the 21st Century Mortgage area of the business. If this business has gotten any better in some places it’s definitely gotten worse in others. Strange as it may seen we...

News: No Short Sale deficiencies in California?

Finally passing on September 30th the Senate Bill set to change the name of the game made it through the door. Senate Bill 931 is set to take effect on January 1, 2011. This highly anticipated law is set to disallow a seller’s first trust deed lender from obtaining a...