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Topic: Short Sale
By Paul M. J. Suchecki
Tags: deed in lieu of foreclosure, Obama Homeowner Affordability and Stability Plan, Short Sale, ...
1 CommentAs of April 5th, the Obama Administration is adding a new Home Affordable Foreclosure Alternatives, HAFA, to its efforts to allow borrowers to avoid foreclosure through short sales or a deed-in-lieu of foreclosure option.
Today you can not only see your home from the air on Google Earth, but you can find out roughly how much it is worth. The two biggest free websites that offer this service are Zillow with 90 million homes listed and Cyberhomes now up to 76 million.
Knowing the estimated current market value of your [...]
Under new guidelines, mortgage lenders would be eligible for government incentives if they allow borrowers to sell their homes at a loss. These short sales are less costly and time consuming compared to foreclosures.
Although the main thrust of the Obama Affordability Plan is to keep homeowners in their homes, this change is a recognition that [...]
mortgage fraud reverse mortgage personal finance Deficiency Judgment Default Nationwide Mortgage Licensing System credit cards Short-Fi Jumbo Loan second mortgage Loan Default Short Sale bankruptcy Loss Mitigation Conforming Loan Uncategorized mortgage first time home buyer tax credit Loan to Value Real Life Stories unemployment Upside Down Obama Financial Reform Obama Housing Plan Refinance Falling Home Value Lenders home value Mortgage Revision Credit economic news Loan Modification Foreclosure Help
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