Sheila's Tampa Real Estate News Blog
The U.S. Treasury Department rolled out the Home Alternative Foreclosure Alternative (HAFA) in April 2010. This program is an add-on to the existing Home Alternative Modification Program (HAMP) that is supposed to guarantee a faster short sale approval and closing while guaranteeing the homeowner that they will not come after them for a deficiency or [...]
Tags: borrowers, buyers, foreclosure, HAFA, HAMP, sellers, short sale
The current way lenders handle short sales is very inefficient and frustrating for everyone involved in the process. It is very obvious to me, as a Realtor, that something needs to change. The short sale negotiation process currently takes anywhere from 90 to 180 plus days, during which time the house sits vacant and deteriorating. [...]
Tags: borrowers, buyers, foreclosure, sellers, short sale
Technorati Tags: Homeowners Association Fees,housing problem,mortgage default
Pretty much everyone who purchased a home from 2000 to 2006 over paid for their homes and now they cannot sell the home for anywhere near what they paid for it. Those who bought in 2006 (like myself) bought at the peak of housing prices and are more [...]
Tags: foreclosure, mortgage default, pre foreclosure
If you can no longer afford to make your mortgage payments because of a hardship, you need to pick up the phone and call your lender. Congress approved a mortgage aid plan on October 1st that may help you stay in your home. This program is more aimed at lenders and it is up to [...]
Tags: foreclosure, mortgage payments behind, pre foreclosure, short sale, Tampa Real Estate
The government’s big plan of bailing out Wall Street of all of their bad investments may help to stabilize the declining housing market. Of course this is just a theory at this point. The thought process is if the government can buy troubled mortgage debt from banks, more money would be available for borrowers. Combined [...]
Tags: buyers, foreclosure, mortgage, sellers, Tampa Real Estate
Sheila's Trulia Blog Sheila's Q&A on Trulia Sheila's ActiveRain Blog
-- Skype Sheila!
