By now, most professionals in the real estate industry are aware that the U.S. Treasury Department issued a plan called the Home Affordable Foreclosure Alternatives program (HAFA) on November 30, 2009. The HAFA program is intended to speed up and regulate the short sale process for borrowers whose loans are subject to the government’s loan modification [...]
Tags: 6%, commissions, Fannie Mae, FHA, Freddie Mac, HAFA, HAFA short sale, HAFA short sale guidlines, HAFA short sales, HUD, real estate agents, real estate commissions, short sale agreement, short sale process, Short Sales, six percent, SSA
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With the cooling of the real estate market, the meltdown of sub-prime and option arm loans, rising unemployment and negative equity in properties, the number of homeowners that find themselves in foreclosure has skyrocketed to unprecedented levels. And it is predicted that several million more homeowners will fall into foreclosure in the next two years.
In [...]
Tags: short sale market, short sale process, short sale steps, Short Sales, steps
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