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 met with a large bit of confusion as to the terms to be...
Posts Tagged ‘ Read ’
Wells Fargo: My home went REO. How fast is it going to go to be sold?
Frequently we receive phone calls from homeowners who’s properties have been lost to foreclosure and their homes have sold back to the bank at the auction. Wells Fargo’s REO Department is no different and while there isn’t an exact time frame on how long it will take for the property to hit the market....
Service Link Loss Mitigation Services to start Charging a 1% fee for completing short sales
So as if it wasn’t already tough enough to get your mortgage lender on board with your short sale now they are charging you to approve it! Buyers, agents, homeowners, etc. already have enough trouble on a day to day basis processing short sales but now Service Link Loss Mitigation Services a division of...
What is a Hardship Affidavit? A Question we get about HAMP
Many of our clients are receiving these days a Hardship Affidavit that seems like it is causing a storm of confusion. Even those in the industry find that they are not exactly sure what it is for. The “Affidavit” pronounced by many as ‘affidavid’ is basically a formal hardship letter to the lender advising...
500,000 helped by Obama mortgage rescue; 7 Million foreclosed on.
There is a post on CNN Money today that reflects on the 500,000 homeowners who have found assistance through the Obama plans. As it is great for all the families that found the assistance that they needed, which we applaud them for because of how terrible the banking system is at processing these plans,...