Timeline

Do I Have A Hardship?

December 6, 2010

I have many clients that come to me wanting to do a short sale of their home.  The number one question I typically get is: “Does my hardship count?”  I can never believe it when I hear this question so I decided to write about it to help clear the air.  When a Lender is [...]

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WHAT IS HAFA?

October 12, 2010

There has been a lot of acronyms batted around the real estate world and one of the most important ones, in my opinion, is HAFA, the HOME AFFORDABLE FORECLOSURE ALTERNATIVE program. This is a new government program that was implemented to help a certain portion of distressed homeowners avoid foreclosure by allowing a short sale [...]

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Private Mortgage Insurance

October 1, 2010

I received the following information from a Lender regarding PMI, I thought it was great information to share! Question:  I am trying to close a short sale for my seller.  She purchased her home with an 80 percent loan to value first mortgage and a 20 percent second.   Now we are told the 20 percent [...]

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Short Sales, Credit and the Aftermath

September 8, 2010

Recently, I met with one of my clients to discuss the aftermath of his recently completed short sale in the Chandler area 85225.  As we were discussing the options to help boost his credit while waiting to purchase a new home his credit score became our main topic of conversation.      His lender was [...]

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“I heard that I can live in my house up to a year for free during a short sale.”

August 6, 2010

This originally was true in the beginning of the “Short Sale era” prior to this last 6 months. Not so anymore. With Obama launching the HAMP and HAFA programs over a year ago, many lenders have been gearing up staff, software, and streamlining the Short Sale process. The process used to be mind dumbing on [...]

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