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Support Lacking For Right-To-Rent Proposal 25 Jan 2011 | 01:29 am
A proposal to let borrowers in foreclosure stay in their home as tenants is still under review and is not likely to work out in the near future, according to Federal Housing Administration (FHA) David...
Equator Rep Expects Short Sales To Rise in 2011 17 Jan 2011 | 11:08 pm
The Home Affordable Foreclosure Alternatives (HAFA) Program may have revamped the short sale market in 2010, but 2011 may prove to be even stronger, according to John Vella of real estate software pro...
Law Professor Writes Book On Underwater Homes 11 Jan 2011 | 01:38 am
An Arizona law professor has released a new book aimed at helping homeowners deal with underwater homes, or those that are worth less than their mortgage debt, a common problem it today’s troubled rea...
HAFA Cost Treasury $4.3 Million In November 21 Dec 2010 | 03:32 am
A report by the Congressional Oversight Panel (COP) showed that the Treasury Department has poured $4.3 million into the Home Affordable Foreclosure Alternatives (HAFA) short sale program in November,...
Seasonal Discounts Await Short Sale Buyers 14 Dec 2010 | 03:51 am
Home buying normally takes a backseat this time of the year, but for buyers who choose to search through the holidays, the returns may be more than worth it. Price cuts are sweeping through all sector...
Homeowners May Still Owe After Short Sale 7 Dec 2010 | 03:40 am
Former homeowners may find themselves still owing money to their lenders after losing their home to a short sale, unless they take the right precautions, recent realtor reports show.There are laws tha...
FTC Takes Steps Against Foreclosure Fraud 30 Nov 2010 | 03:58 am
The Federal Trade Commission (FTC) is set to lay down new rules that will discourage fraudulent loan modification, short sale, and foreclosure prevention companies from operating throughout the countr...
Realtors Seek Lawyers’ Help in Short Sale Negotiations 23 Nov 2010 | 02:15 am
Realtors and lawyers may soon be working hand in hand to complete short sales, with the process continuing to drag for many borrowers despite efforts from the government’s Home Affordable Foreclosure ...
Realtors Step Up HAFA Short Sale Efforts 15 Nov 2010 | 11:10 pm
The country's realtors will be striving harder to streamline the short sale process with the help of the Home Affordable Foreclosure Alternatives (HAFA) program, after obtaining information on current...
Short Sales, Foreclosures Keep Homeownership at Record Low 8 Nov 2010 | 09:57 pm
The rate of homeownership in the U.S. remained at 66.9% at the end of the third quarter, the lowest it has been in the past ten years, mostly due to banks resuming foreclosures on borrowers unable to ...
