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Exciting news regarding HAFA Requirments! Just last week the Treasury made some big changes: HAFA no longer requires that servicers verify the borrowers finances HAFA no longer requires servicers to determine if the borrowers monthly payment is higher than a 31 percent debt-to-income ratio. HAFA no longer requires second-lien holders to agree to accept . . . → Read More: Treasury Makes Big Changes to HAFA – Are you now eligible? Congress recently extended the 8000 first time homebuyers tax credit deadline from the end of November to buyers who sign contracts by the end of April 2010. In addition to this buyers who have owned a home for atleast 5 years are eligible for a reduced tax credit of up to 6500. The tax . . . → Read More: Great news for short sale sellers- Obama signs tax credit extension and expansion  Leave a comment  Uncategorized  Advantage Credit, Bank America, Bank Of America, Congress, Contracts, Expiration Date, Financial Impact, Good Time, Great News, Holiday Market, Holidays, Houses, Negotiation Period, Sell House, Sense Of Urgency, Signs, Tax Credit, Tax Credits, Tax Extension, Time Homebuyers |
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