Your house is underwater and you are considering a short sale in order to avoid foreclosure. It’s important to know your options. This calculator will crunch the numbers for you and help give you a clearer picture of the cost involved with staying in your home. Hit submit and then check your email for the results.

  Lenders and loan servicers participating in HAFA must sign a servicer participation agreement with Fannie Mae — the program administrator and financial agent representing the United States in this case — to participate in HAMP by October 3, 2010 (the previous deadline was December 31, 2009. This was updated March 26, 2010)1 Therefore, most lenders are participating and those who are not have the opportunity to at any time.   Read More ...

Bank of America said it approved another 24,000 mortgage payment reductions in April, bringing its total effort under the government’s Home Affordable Modification Program to 56,400 borrowers offered full-term assistance. But the bank cautioned that it is seeing the beginning of a decrease in the number of active trial modifications, in part because of stricter HAMP requirements. New rules requiring financial information before a borrower can enter the trial modification   Read More ...

On April 5, the federal Home Affordable Foreclosure Alternatives Program (HAFA) went into effect with the goal of accelerating short sales by providing incentives and guidelines for short sales and deed-in-lieu of foreclosures. Watch this video “Understanding Federal Short Sales Rules: HAFA (Revised, Apr. 5)” from National Association of REALTORS®

It is important to explore all of your options to avoid foreclosure but often there comes a time to end the stress. Watch this video to hear the benefits to cutting your losses and begin living the rest of your life.

  With so many people having trouble making their mortgage payment or possibly facing foreclosure it is a shame that there are scams designed to prey upon these people at such a difficult point in their lives.  Watch this video to find out how you can avoid falling victim to foreclosure scams. If you are having difficulty making your payments and want to explore your options at loan modification or short   Read More ...