Short Sale Incentives Coming in 2010, Treasury Says

On Thursday, the Treasury Secretary announced a new program to give lenders and mortgage services some incentives to do short sales: up to a thousand bucks for a successful short sale. It’s not quite what David had in mind, but it’s better than nothing.

HAFA, the Home affordable foreclosure alternatives program is a program created by the Treasury in order to help distressed borrowers avoid foreclosure. Aside from the Treasury’s HAMP (loan modification) program, this is another available option in the arsenal of foreclosure avoidance.. Lots of folks already know that a HAFA short sale will net the short sale sellers $3000 at closing.

But now real estate professionals and banks say the logjam is starting to ease, with decisions coming more quickly, more short sales trading hands, and the prospect of a new Treasury plan that.

Short Sale Incentives Begin April 5th | The Snyder Team –  · Short Sale Incentives Begin April 5th A new federal program, Home Affordable Foreclosure Alternatives, aims to make the short sale process easier for buyers and sellers. starting april 5 th the federal government will begin providing financial incentives to lenders who accept short sales.

Welcome to the New Reality of Leaping U.S. Treasury Debt Sales – The world’s biggest bond market is about to get a taste of the future, with the U.S. Treasury expected to unveil bigger. the most since 2010, starting with sales of short- to medium-term maturities.

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HAFA was designed to provide incentives to servicers that provide short sales and deeds-in-lieu of foreclosures to borrowers who do not qualify for a loan modification through the Home Affordable Modification Program (HAMP). The Treasury aims to help 3-to-4m borrowers through HAMP, which launched in March 2009.

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Treasury says forbearance will not. the new alternative approach. increased incentives to servicers and lenders, including increased incentives for extinguishment of subordinate liens, to encourage.

Survey shows homeownership is still the American Dream It seems that Americans are continuing to dream of homeownership, at least according to JPMorgan Chase’s recent survey. A total of 87% of those surveyed said owning a home is something they dream about. "Owning a home is at the heart of most Americans’ dreams," said Kevin Watters, CEO of mortgage banking at JPMorgan Chase..

prompting the judge to order the sale of his house to satisfy the debt in 2013. But this process was halted by his ex-wife after Moore paid her about two-thirds of what he owed, the filings say. In a.

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