The national rental vacancy rate during the second quarter of 2009 was up from both the previous quarter and the same quarter in 2008. However, changes in vacancy rates varied regionally — from a marginal annual decline in the Seattle-Bellevue-Everett metropolitan statistical area (MSA) to a noteworthy yearly increase in the Phoenix-Mesa-Scottsdale MSA. A new... »
Nearly all markets — 242 of 330 — are considered priced below fair market according to the newly released 2010 report compiled by IHS Global Insight and PNC Financial Services. These judgments are determined by comparing median home prices, local interest rates, population densities and income, plus historical premiums or discounts that areas have exhibited... »
Home Affordable Modification Program is designed to enable borrowers that meet eligibility requirements to avoid foreclosure by modifying loans to a level that is affordable for borrowers and sustainable for the long-term. If you are homeowner in financial trouble and is going to avail this program, it is important to understand the directions from Uncle... »
Fannie Mae has a number of foreclosed properties at discounted prices on its website. Fannie Mae also offers loans and the major benefits of HomePath® Mortgage Financing are: 1. Low down payment and flexible mortgage terms (fixed-rate, adjustable-rate, or interest-only) 2. You may qualify even if your credit is less than perfect 3. Available to both owner... »
The Home Affordable Foreclosure Alternatives (HAFA) Program provides additional options to avoid costly foreclosures and offers incentives to borrowers, servicers and investors who utilize a short sale or deed-in-lieu (DIL) to avoid foreclosures. Once a sale agreement has been signed, the borrower has to request the borrower for approval of short sale. See an example of... »
The Home Affordable Foreclosure Alternatives (HAFA) Program provides additional options to avoid costly foreclosures and offers incentives to borrowers, servicers and investors who utilize a short sale or deed-in-lieu (DIL) to avoid foreclosures. Homeowners in financial trouble can get their lender to agree to a short sale. Uncle Sam has released an example of short... »
The Home Affordable Foreclosure Alternatives (HAFA) Program provides additional options to avoid costly foreclosures and offers incentives to borrowers, servicers and investors who utilize a short sale or deed-in-lieu (DIL) to avoid foreclosures. HAFA alternatives are available to all HAMP-eligible borrowers who: 1) do not qualify for a Trial Period Plan; 2) do not successfully complete a... »
The Home Affordable Foreclosure Alternatives (HAFA) Program provides additional options to avoid costly foreclosures and offers incentives to borrowers, servicers and investors who utilize a short sale or deed-in-lieu (DIL) to avoid foreclosures. Below is an example of a deed in lieu of foreclosure agreement, which helps homeowner avoid a foreclosure. The letter below has... »
The Home Affordable Foreclosure Alternatives (HAFA) Program provides additional options to avoid costly foreclosures and offers incentives to borrowers, servicers and investors who utilize a short sale or deed-in-lieu (DIL) to avoid foreclosures. Below is an example of alternative request for short sale under HAFA which helps homeowner avoid a foreclosure. The letter below has... »
The Second Lien Modification Program is a complementary program to the Home Affordable Modification Program designed for first lien mortgages. This Program is expected to reach approximately 1 – 1.5 million responsible homeowners who are struggling to afford their mortgage payments. The Second Lien Modification Program (2MP) coordinates with Home Affordable Modification Progam’s (HAMP) first mortgage... »
The Home Affordable Modification Program is designed to help as many as 3 to 4 million financially struggling homeowners avoid foreclosure by modifying loans to a level that is affordable for borrowers now and sustainable over the long term. The program provides clear and consistent loan modification guidelines that the entire mortgage industry can use. Borrower... »
A 63-year-old Oklahoma woman had moved into her apartment and had been living in it for six months. About 3 weeks ago, she heard a huge noise. A pipe burst in the ceiling of her rented apartment, causing damage to her furniture and other household stuff. She has had to move out of her... »
