Bank of America Offers up to $30,000 through HAFA Incentive
Bank of America’s COOP program may have expired, but there’s good news for Agents and Homeowners! Through the HAFA program, Homeowners are eligible for $3,000-$30,000 in relocation assistance. Don’t...
View ArticleNumber of U.S. Mortgages Going Unpaid
LOSS MITIGATION NEWS: Number of U.S. Mortgages Going Unpaid = 4,594,000 Lender Processing Services provided the media with a “first look” at the company’s mortgage performance statistics for the...
View ArticleWhat Does Fannie Mae’s New LTV Threshold Accomplish?
As of November 1, Fannie Mae is no longer purchasing loans without minimum down payments of at least 5 percent. Industry experts with the Urban Institute’s Housing Finance Policy Center argue this move...
View ArticleCalifornia’s Transition Assistance Program
If you’re financially distressed and can no longer afford to keep your home and are pursuing a short sale or deed in lieu of foreclosure, you may be eligible for financial help with relocation to...
View ArticleQualifying For A Mortgage Will Be Harder In 2014, So Refinance Now
You remember the housing market meltdown a few years back, along with the ensuing taxpayer-funded bailout of large lending institutions. Well, in an effort to regulate the lending industry and protect...
View ArticleMore Homeowners Receiving Principal Reductions Under HAMP
As of September, more than 1.2 million homeowners have received a permanent modification through the Home Affordable Modification Program (HAMP), according to Treasury. Those granted permanent relief...
View ArticleGreat news for California Home Owners:
For release: December 4, 2013 IRS and California Franchise Tax Board declare California distressed home sellers not liable for federal or state income tax on short sales LOS ANGELES (Dec. 4) – The...
View ArticleReal Estate Terminology: Loan Types, the Fifth in a Series
When it comes to real estate loans, you’ll find that there are many options. Figuring out which loan or loans are best for your new property purchase can be confusing, but we can help. Here are some...
View ArticleHAFA increases relocation assistance from $3k to $10k.
To sum it up, Sellers who qualify for the HAFA (Home Affordable Foreclosure Alternatives) Short Sale program will now receive $10k instead of the $3k on any qualified Short Sale that closes on or after...
View ArticleIs Flipping Houses a Good Idea These Days?
Just ahead of the housing bubble, flipping houses was an investor pass-time. As home prices started to rise, many would-be real estate moguls bought houses to flip hoping that the prices would increase...
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