Short Sale Laws and Policies

HAFA Program – Latest Round of Changes

Thumbnail image for HAFA Program – Latest Round of Changes

The Home Affordable Foreclosure Alternatives Program (HAFA) is a government-sponsored program aimed to provide additional alternatives to foreclosure. Aside from loan modification (the government’s HAMP program) and underwater refinance (the government’s HARP program), the Treasury has also provided options for distressed borrowers through short sale and deed-in-lieu of foreclosure. Just like a small child that [...]

April 16, 2012 0 comments CONTINUE READING THIS POST →

Short Sale Fraud Is in the Air

Thumbnail image for Short Sale Fraud Is in the Air

Happy Spring! Perhaps you’ve heard the phrase, “Spring is in the air” although the San Diego weather these past few days is not quite so sunny. Well, according to the California Department of Real Estate, fraud is also in the air. Wayne Bell (Chief Counsel for the California Department of Real Estate) and Summer Bakotich [...]

March 26, 2012 0 comments CONTINUE READING THIS POST →

Robo-Signing Settlement – Debacle May Soon Be in the Past

Thumbnail image for Robo-Signing Settlement – Debacle May Soon Be in the Past

Hindsight is usually 20/20, and it seems that the great robo-signing debacle of 2010 may soon be in our past. You recall the incident, right? When news agencies began reporting that banks were foreclosing willy-nilly without being able to prove that they had the legal right to do so. Well, that’s all gonna be over [...]

February 15, 2012 0 comments CONTINUE READING THIS POST →

Independent Foreclosure Review – New Sheriff in Town

Thumbnail image for Independent Foreclosure Review – New Sheriff in Town

There’s a new sheriff in town. Well, technically, it’s not a new sheriff. But there’s a new consent order coming from the very, very top as a result of possible improper foreclosure practices. Here’s the long and short of it: As part of the settlement associated with the robo-signing debacle of 2010 (title my own), [...]

November 7, 2011 4 comments CONTINUE READING THIS POST →

New Underwater Refinance Program Is Not for Everyone

Thumbnail image for New Underwater Refinance Program Is Not for Everyone

Did any of your short sale sellers call you last week to tell you that they were cancelling their short sale listing? Did they tell you that they were going to take advantage of Obama’s new program instead? Well, that’s just the latest in a series of pieces of information that distressed borrowers hear about [...]

October 31, 2011 39 comments CONTINUE READING THIS POST →

Fall HAFA / HAMP Treasury Update – Another Face Plant

Thumbnail image for Fall HAFA / HAMP Treasury Update – Another Face Plant

I’ve just spent the last few minutes watching ‘fail’ videos on YouTube. I thought that I could insert one here in order to make a strong point about how the Treasury modification program (HAMP) and the Treasury short sale program (HAFA) have been fairing. But, the truth is that all of the ‘fail’ videos involve [...]

October 10, 2011 3 comments CONTINUE READING THIS POST →

Short Sales and Arm’s Length Transaction Agreements: Is Facebook in the Short Sale Biz?

Thumbnail image for Short Sales and Arm’s Length Transaction Agreements: Is Facebook in the Short Sale Biz?

People are often surprised to learn that they cannot just buy any short sale that is on the market. For example, I get a lot of calls from potential short sale sellers who want to know if they can sell their home to a friend or family member and then rent the home back (become [...]

October 3, 2011 1 comment CONTINUE READING THIS POST →

Is Obama’s New Refi Plan Gonna Change What We Do?

Thumbnail image for Is Obama’s New Refi Plan Gonna Change What We Do?

Unless you live under a rock or in a remote area without any connection to technology (in which case you probably are not reading this), you have probably already heard that a large part of Southern California (including some of Northern Mexico and parts of Arizona) lost power for a good long time beginning on [...]

September 15, 2011 1 comment CONTINUE READING THIS POST →

← Previous Entries