Legislation
HAFA Explained
The Home Affordable Foreclosure Alternatives (HAFA) is a new government funded program that is geared to helping out people who are unsuccessfully trying to sell their homes. The Obama administration put this together with the hopes of revitalizing the housing market. The way the program works is the sellers receive pre-approved short sale terms before [...]
Short Sale Legislation and Our 2010 Outlook
All economic factors indicate an onset of a storm that will dwarf what we have observed in 2009. The foreclosure barometer doesn’t lie as clock on the bulk of the option arms is ticking away. The general concession in the industry is such that a much bigger wave of defaults coming in 2010. Government’s most [...]
