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Why are Northeast OH Ohio short sale sellers not choosing HAFA?

The #1 one reason people are opting out of HAFA is that they have to start making payments typically at 30 percent of what they are earning. For those that don’t make any money at all this is not a problem. Many others simply aren’t interested because of the additional burden of paperwork that is required and the long way to be even be considered for a HAFA short sale. . . . → Read More: Why are Westlake Ohio short sale sellers not choosing HAFA?

Use the HAMP standard modification waterfall to reduce your payments with a loan modification in Cleveland Ohio.

That is a good summary of the standard modification waterfall. This is a series on the standard modification waterfall and you will soon see more posts giving you the details so that you can keep your lenders on task. This knowledge is vital in making sure your lender follows the guidelines in offering you a modification. More often than not your lender will get the waterfall wrong so as to turn you down and foreclose on you. . . . → Read More: Use the HAMP standard modification waterfall to reduce your payments with a loan modification in Cleveland Ohio.

Fannie Mae and Freddie Mac have their own version of HAFA

Need to do a Fannie Mae short sale on your Rocky River Ohio home? Call 216-324-6637.

Deadline for HAFA compliance for both Freddie Mac and Fannie Mae servicers is August, 1st 2010.

America’s favorite Government Sponsored Enterprises (GSE)Fannie Mae and Freddie Mac recently announced their own version of Home Affordable Foreclosure . . . → Read More: Fannie Mae and Freddie Mac have their own version of HAFA

So you are under water?

Feel like this is your house? Short sales do work if you have your expections set correctly!

This article on from the Wall Street Journal appeared on my radar: “So You Are Underwater What Is Next?” It discusses different options for those underwater and mentions the ethical dilemma that those who could . . . → Read More: So you are under water?