A new settlement among big banks may provide relief to many struggling home owners. Nearly 20% of all home mortgages are underwater – the home is worth less than the amount owed to the bank. This has been the major cause of the foreclosure crisis nationally and a problem many have sought to remedy. A [...]
Archive for the ‘HAFA’ Category
Mortgage Relief for Distressed Homeowners?
Posted in foreclosure, HAFA, short sales, title insurance, tagged dane county, foreclosure, homestead title, madison, seminar, short sale, wisconsin on February 9, 2012 | 1 Comment »
Seminar: Short Sales, REO’s and Foreclosures
Posted in foreclosure, HAFA, short sales, tagged closings, dane county, foreclosure, HAFA, homestead title, preferred, reo, Short Sale Seminar, title insurance on September 24, 2010 | Leave a Comment »
Fannie Mae and Freddie Mac HAFA Programs
Posted in foreclosure, HAFA, short sales, tagged closings, DIL, fannie mae, freddie mac, gse, HAFA, hamp, homestead title, RASS, short sales, ssa, title insurance on June 9, 2010 | Leave a Comment »
Many home owners are in financial distress and owe more than their home is worth. In this case, selling their home will not net enough proceeds to pay off their current mortgage. Often, the only option is a “short sale,” in which their lender agrees to accept less than a full payoff to release the [...]
Short Sale, HAFA, and Foreclosure Definitions and Differences
Posted in foreclosure, HAFA, short sales, tagged dane county, deficiency, foreclosure, HAFA, hamp, homestead title, madison, RASS, short sale, ssa, wisconsin on May 18, 2010 | 1 Comment »
The following chart provides definitions and differences for various terms and concepts you may encounter in short sales and foreclosures. For a brief explanation of the HAFA Process, see HAFA Explained – The New Federal Short Sale Program. The National Association of Realtors also provides excellent information and resources. These definitions and terms are a [...]
Short Sale Seminar: May 26, 2010
Posted in foreclosure, HAFA, short sales, tagged closings, courses, dane county, education, homestead title, madison, seminars, Short Sale Seminar, title insurance, wisconsin on May 5, 2010 | 1 Comment »
Short Sale Seminar May 26, 2010: 9am – 12pm City Center West 525 Junction Rd. Madison, WI 53717-2152 Licensed REALTORS and lenders are invited to attend this powerful seminar on short sales, foreclosures, and the new HAFA Program. Attorney Peter Zarov will be breaking down the Agent’s responsibilities, the foreclosure time line, and the short [...]
Short Sale and Distressed Property Resources
Posted in foreclosure, HAFA, short sales, tagged closings, dane county, distressed property, foreclosure, HAFA, homestead title, madison, short sales, title company, wisconsin on April 22, 2010 | Leave a Comment »
Distressed Property Resources Education and expertise are critical to serving distressed homeowners and buyers of distressed properties. Beware of internet sites that often contain incorrect information or involve scams. We have found the following resources to be helpful for Wisconsin Realtors, attorneys, and distressed home owners. Trusted Web Sites: National Association of Realtors: www.Realtor.Org [...]
HAFA Explained – The New Federal Short Sale Program
Posted in foreclosure, HAFA, short sales, tagged closings, dane county, foreclosure, fsbo, HAFA, homestead title, madison, RASS, short sales, title insurance, Title Work, WI, wisconsin on April 7, 2010 | 6 Comments »
Home Affordable Foreclosure Alternatives Program (known as HAFA) went into effect on April 5, 2010. HAFA allows owners to participate in a “short sale” with standardized procedures and expedited timelines. Short sales are traditionally the hardest and longest transactions to complete and involve dozens of hours of phone calls and paperwork and a very high [...]
HAFA Effective On April 5, 2010 – Changes Already In Place
Posted in foreclosure, HAFA, short sales, tagged cdpe, dane county, distressed property, experts, HAFA, homestead title, madison, making homes affordable, short closing, short sale, title insurance, wisconsin on April 6, 2010 | Leave a Comment »
The new Federal Program designed to aid distressed home owners went into effect on April 5, 2010. The HAFA Program is designed to assist distressed home owners in selling their home, even if they owe more than the home is worth. The program allows owners to participate in a “short sale” with standardized procedures and [...]
HAFA – A New Program For Short Sales
Posted in foreclosure, HAFA, short sales, tagged closings, dane county, distressed property, HAFA, Home Affordable Foreclosure Alternative, homestead title company, madison, short sales, title insurance, wisconsin on March 8, 2010 | 2 Comments »
In an effort to end the foreclosure crisis, the Federal Government has been trying to keep owners in their homes through Mortgage Modifications. Now, under a new plan, it will try to make short sales easier. The Home Affordable Foreclosure Alternative Program (HAFA for short) is a complex program designed to simplify, streamline, and standardize [...]
