Yes, another government program to help struggling homeowners, this one designed for those who cannot be successfully assisted by the Home Affordable Modification Program (HAMP). Under the Home Affordable Foreclosure Alternatives program ( HAFA), a borrower may be able to avoid foreclosure by completing a short sale or a deed-in-lieu of foreclosure (DIL). Although the outcome is still [...]
Entries Tagged as 'deed-in-lieu of foreclosure'
Benefits of the New Home Affordable Foreclosure Alternatives Program (HAFA)
March 1st, 2010 · No Comments · Mortgages, Real Estate
Tags: deed-in-lieu of foreclosure·foreclosure prevention·HAFA·HAMP·Home affordable forclosure alternatives·Mortgage Loans·Mortgages·short sales
How Do Short Sales, Loan Modifications and Foreclosures Impact Your Credit Score?
September 10th, 2009 · 7 Comments · Credit Bureaus and Scores, Mortgages, Real Estate
I attended a class at my real estate brokerage last week dealing with short sales and other types of “distressed” properties. With the market (at least in the Phoenix area) now comprised of over half short sales and/or bank-owned properties, it is imperative for real estate professionals to be well trained and knowledgeable in order [...]
Tags: credit·Credit Score·deed-in-lieu of foreclosure·FICO score·foreclosure·housing market·loan modifications·Real Estate·Short Sale
