HAFA Short Sale-By Los Angeles Short Sale Agents Munson Realty

The HAFA short sale-aside from the avoidance of foreclosure, the elimination of mortgage debt and the $3,000 relocation benefit, HAFA short sales may offer some additional benefits.
Current lending guidelines may allow a “fresh  start”.    A  borrower  may  be  eligible  to  borrow or to own a home again sooner through a short sale as compared to foreclosure. Fannie  Mae’s lending guidelines favor those who proactively address their situation rather than avoiding the situation they are experiencing.
Borrowers may be able to buy again by re-establishing a credit history as soon as two years after short sale vs. seven years after foreclosure (but only three years if borrower has extenuating circumstances) under Fannie Mae guidelines.
In this video I explain the benefits of a HAFA short sale including the $3,000 relocation incentive. I also explain the HAFA short sale guidelines and how to qualify for a HAFA short sale. For more information visit. http://www.losangelesshortsaleagents.net or call 323.216.9671

Duration : 0:4:8

(more…)

Technorati Tags: america, bank, HAFA, is, of, Program, sale, short, what

When selling your Sacramento home think twice about HAFA

Duration : 0:2:3

foreclosure.org/hafa-short-sale/are-hafa-short-sales-worth-it#more-698″ class=”more-link”>(more…)

Technorati Tags: Logitech, webcam

Alex Charfen discusses the recent changes made to the HAFA program, including the extension of the program through 2013. To watch our full broadcast on HAFA, click here: http://www.cdpelive.com/110222-treasury-call/

http://www.cdpe.com

Duration : 0:2:10

(more…)

Technorati Tags: Alex Charfen, CDPE, Charfen Institute, Charfen's Blog, credit reporting, economy, HAFA, Laurie Maggiano, real estate, real estate market, Short Sales, treasury department, underwater mortgages

Product DescriptionThis book was written for a single purpose: To help American homeowners struggling with their mortgages avoid foreclosure.

In February, 2009, President Obama introduced his Making Home Affordable Program (MHA), which was designed to help families across America avoid foreclosure by restructuring their home loans. In the beginning, the program only included guidelines for first lien modifications, excluding any owned or secured by Fannie Mae or Freddie Mac. This severely reduced the number of eligible loans since loans owned or secured by Fannie Mae or Freddie Mac make up nearly fifty percent of the total mortgage pool. Today, the Making Home Affordable Program includes guidelines for Fannie Mae and Freddie Mac loans, second liens and pre-foreclosure sales. This book will explain the process, including the paperwork and steps to take for the core programs under the Making Home Affordable umbrella.

The United States is going through the hardest financial crisis since the Great Depression. The credit crunch, economic recession and weak global economy have deeply impacted the U.S. housing market. Home prices have dropped an average 33% since the market peaked in 2006. This is especially alarming since the drop in housing prices during the Great Depression was 31%.
Recent data indicates nationwide prices are at their lowest level since 2002. American homeowners have lost a decade’s worth of equity so far. Additionally, almost 1 out of 4 homeowners owe their lenders more than their home is worth. Some experts believe prices will continue to fall before the housing market stabilizes.

Help is available. Homeowners have options. This book will clarify the details, one option at a time.

afa-short-sale/the-2012-homeowners-guide-to-loan-modifications-short-sales-and-deeds-in-lieu#more-688″ class=”more-link”>(more…)

But my credit report shows that the mortgage was foreclosed. Shouldn’t be just mortgage closed?
How short sale should be shown in Credit report? Should I dispute this report?

The only entity that can order an inclusion on your credit report removed is the entity that ordered it included in the first place. So, you would have to contact the lender and appeal the inclusion on the report. However, you might start with the three credit reporting bureaus. You can submit an appeal with them, and they may be able to contact the lender informing them about the potential error.

And, a short sale is much less of a hit on your credit report than a foreclosure, because it shows that you dealt with the creditor to resolve whatever problems you had rather than just walking away from them. It could mean the difference between not being able to buy a house for 5-7 years (foreclosure), versus as little as 2 or 3 years (short sale).

The Home Affordable Foreclosure Alternatives program sunsets in 2012. Please share this message with anyone you know that is thinking of selling their home or may be facing foreclosure. A HAFA short sale is better than a foreclosure. Call us today at 916-756-4300. Equal Housing Opportunity CA DRE License 01331156.

Duration : 0:1:18

(more…)

Technorati Tags: Affordable, Arriaga, estate, HAFA, homes, NearestAgent, NearestHomes, NearestRealtor, real, realtor, sale, short