HAFA Short Sales – in 10 days

by Divina K. Westerfield, Esq. on April 15, 2010

Jason updated his HAFA Short Sale presentation and was kind enough to share it with us on 4/15/2010. We’ve got his presentation video below as well as a copy of his slides. [click to continue…]

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FHA to Announce Principal Reduction Program

by Divina K. Westerfield, Esq. on March 26, 2010

The FHA is now jumping on board the principal reduction train and is about to issue new HAMP guidelines which will encourage principal reductions with lenders who voluntarily participate.  The Government’s goal is said to stabilize the housing markets. [click to continue…]

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Bank of America announces [small] step into Principal Reduction

CNBC spoke about Bank of America’s write down of principal on mortgage loans.  BOA will target subprime pay-option ARMs and certain 2 year hybrid ARMS where the loan is worth more than the value of the home.   No 30 year fixed home mortgage loans will be involved.  This announcement was in response to [...]

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