Short Sale Fraud Fears Grow as HAFA Gets Set to Pop
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Short Sale Fraud Archives – Mortgage Fraud Blog – Robert Farrace, 54, Modesto, California was sentenced today to two years in prison for a fraudulent short-sale scheme.. On November 14, 2017, a jury found Farrace guilty of three counts of wire fraud in connection with the scheme. According to court documents, Farrace, an attorney specializing in real estate law and the former president of the Stanislaus County Bar Association, owned two.
HAFA & HAMP and Your Short Sale Explained. A funny thing happened on the way to foreclosure. I received a letter from the very folks – all of them wearing suits – who would soon be coming to take the keys away. And guess what. they were actually offering to help me.
A storm is brewing between appraisers and broker price opinion (BPO) professionals vying for valuation work for short sales conducted through the making home affordable foreclosure alternatives (hafa) program.. Short Sale Fraud Fears Grow as HAFA Gets Set to Pop.
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Home Short Sale Fraud Fears Grow as HAFA Gets Set to Pop . Short Sale Fraud Fears Grow as HAFA Gets Set to Pop .. told HousingWire of a common type of fraud in the short sale arena.
HAFA and HAMP (edit/delete). The Treasury Department is now offering a new program supporting the banks on doing short sales with the Home Affordable Foreclosure Alternatives Program (HAFA).This is the latest program under the Home Affordable Modification Program (HAMP), designed to offer alternatives to homeowners facing foreclosure.
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It was always difficult to keep buyers interested in, and committed to, the process. The HAFA program was designed to speed up and standardize the short sale process and give incentives for each short sale completed. During a non-HAFA short sale, there is no government incentive for banks to help you.
Mortgage Bankers Association adds 11 new members in March Join your colleagues in Milwaukee for the 44th annual wmba real Estate Finance Conference. The Monday evening reception held at Godfrey and Kahn will allow an opportunity to network while experiencing food stations and a cash bar. Mike Theo, wisconsin realtors association will be briefly speaking.
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