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I am happy to report that Congress has passed a bill extending the Home buyer Tax Credit closing deadline to September 30, 2010 . This is a huge win for REALTORS ® and home buyers, and NAR worked closely with members of Congress to make it happen....
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Barclays Lowers REO Inventory Estimate By: Carrie Bay 05/07/2010 A recent study by Barclays Capital says that U.S. lenders are holding fewer foreclosed homes than previously assessed by the research firm. Some are viewing the revised estimate as a testament...
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Most homeowners in facing financial hardship are eligible. As a rule, if a homeowner is eligible for HAMP but cannot pay the mortgage, then he or she is eligible for an assisted short sale through HAFA. However, loans owned or guaranteed through Fannie...
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HAFA was introduced to simplify and streamline the short sale process. HAFA accomplishes this in the following ways 2 : Compliments HAMP by providing viable alternatives for borrowers who are HAMP-eligible Utilizes borrower financial and hardship information...
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The Home Affordable Foreclosure Alternatives (HAFA) Program 1 is a government-sponsored initiative led by the US Treasury Department assisting all Home Affordable Modification Program (HAMP)-eligible homeowners in avoiding foreclosure, specifically through...
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