You’ve probably heard that there are all sorts of short sale programs and policies. From HAFA to online auctions and everything in between. Some of these programs also offer options and incentives for borrowers who are considering something called a deed-in-lieu of foreclosure. What is a deed-in-lieu of foreclosure? Also called a “deed-in-lieu”, it is […]
Up to $10000 for California Short Sale Sellers
Money for California Short Sale Sellers According to a recent announcement by Bank of America, there is still plenty of incentive money available for distressed borrowers selling their homes as short sales in the state of California. If your financially distressed California clients can no longer afford their homes and are pursuing a short sale […]
Short Sale Assistance Money Available for Your Clients
Short Sale Assistance Money According to a recent announcement by Bank of America, there is still short sale assistance money available for distressed borrowers selling their homes as short sales in the state of California. If your financially distressed California clients can no longer afford their homes and are pursuing a short sale or a […]
Can Short Sale Sellers Still Get Relocation Assistance?
Relocation Assistance for Short Sale Sellers I had a call the other day from an agent in Southern California who wanted to know whether sellers can still get short sale assistance money or relocation assistance money. So, here’s the answer to that question: yes, no, and maybe. How do you like that for clarity? Let’s […]
Incentive Money Still Available for California Short Sale Sellers
Money for California Short Sale Sellers According to a recent announcement by Bank of America, there is still incentive money available for distressed borrowers selling their homes as short sales in the state of California. If your financially distressed California clients can no longer afford their homes and are pursuing a short sale or a […]
Reverse Mortgage Short Sales – A Repeat Performance
Are you watching the Winter Olympics on television or are you watching the repeat programming on other channels? While I’ve had my eye on the Olympics this past week, I’ve had several calls about reverse mortgage short sales—so I decided to do a repeat on the important aspects of the reverse mortgage short sale. Since […]
California’s Transition Assistance Program Helps Short Sale Sellers
The Transition Assistance Program has been around for a few years. But, with all of the short sale incentive programs available, lots of folks that needed this program may not have taken advantage of it. Now, however, with many incentive programs a thing of the past, it’s time to take another look at the Transition […]
Reverse Mortgage Short Sales – Are they possible?
Since there are still about 19 million homeowners nationwide that may be underwater on their mortgages, there are some folks that are asking, “Can I do a short sale if I have a reverse mortgage?” Before jumping to the answer, it is important for short sale listing agents to ascertain whether there is any point to […]
FHA Back to Work Program Puts Short Sale Sellers in Homes Fast
FHA Back to Work Program On August 15, 2013, the Federal Housing Administration issued guidance for its new FHA Back to Work program; this program may allow certain borrowers who lost their jobs and their homes during the recession to qualify for a new FHA-insured mortgage without having to go through a 3-year waiting period. […]
What’s Going On With the HAFA Program?
On November 1, the Home Affordable Foreclosure Alternatives (HAFA) Program released Supplemental Directive 12-07: Home Affordable Foreclosure Alternatives Program – Policy Update. The policy update was made in order to better align the Home Affordable Foreclosure Alternatives (HAFA) Program with the recent changes made by Fannie Mae and Freddie Mac to their streamlined short sale program. […]