Fannie Mae no longer participates in the traditional HAFA short sale program. The new Fannie Mae HAFA short sale program places more stringent guidelines on borrowers who reside in the properties and want to have a short sale with deficiency forgiveness. HAFA is an acronym for Home Affordable Foreclosure Alternatives and is a branch of […]
https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.png00jaspa1https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.pngjaspa12014-07-23 11:49:522022-12-20 13:59:50FANNIE MAE SHORT SALE – CHANGING ALL THE HAFA RULES FOR SHORT SALES
In 2012, under the Wigod v. Wells Fargo Bank, N.A., 673 F.3d 547 (7th Cir. 2012), the Seventh Circuit Court of Appeals ruled that despite having signed a loan modification agreement and entered into a trial period, the homeowner could maintain a private cause of action against the lender or servicer under certain circumstance. The court […]
https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.png00jaspa1https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.pngjaspa12014-07-17 13:30:312022-12-20 13:59:46LOAN MODIFICATIONS AFTER WIGOD V. WELLS FARGO BANK, N.A.
Beginning January 2014, new CFPB (Consumer Financial Protection Bureau) rules to protect homeowners and consumers shopping for home mortgages went into effect. The rules sharply reduce the runarounds and stalling techniques frequented by the banks for both sort sales and loan modifications under the HAMP Making Home Affordable Program. Virtually every mortgage now issued will […]
https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.png00jaspa1https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.pngjaspa12014-07-17 13:20:372022-12-20 13:59:36CONSUMER FINANCIAL PROTECTION BUREAU GIVES HOMEOWNERS NEW RIGHTS AND GREATER PROTECTION
First time home-buyers you are in luck. FHA has unleashed a new program called the HOMEOWNERS ARMED WITH KNOWLEDGE or HAWK program last month for homeowners purchasing for the first time. This program is a way for home buyers to cut their mortgage insurance premium costs by attending counseling classes. The idea behind it is […]
2014 is the YEAR OF THE SELLER in Miami-Dade and Broward counties. There are more buyers then inventory of properties on the market. A sellers market therefore makes hiring the services of an experienced team of realtor and real estate attorney/title agent more crucial then ever. Buyers and investors want to get properties at the discounted […]
https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.png00jaspa1https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.pngjaspa12014-07-01 17:02:512022-12-20 13:59:15WHAT TO CONSIDER WHEN PLACING YOUR PROPERTY ON THE MARKET FOR SALE
IN THIS DAY AND AGE, AFTER THE MORTGAGE CRISIS, IT IS A CRAZY THOUGHT TO ENTER INTO A PURCHASE SALES CONTRACT TO BUY A PROPERTY WIHTOUT ENLISTING THE ASSISTANCE AND ADVICE OF A REAL ESTATE ATTORNEY. ALMOST 50 PERCENT OF ALL HOMES HAVE BEEN AFFECTED BY THIS MORTGAGE CRISIS, EQUATING TO ISSUES ON TITLE, MORTGAGE […]
https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.png00jaspa1https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.pngjaspa12014-06-30 00:11:152022-12-20 13:59:15BUYING REAL ESTATE PROPERTY AFTER THE FORECLOSURE MORTGAGE CRISIS… BUYER BEWARE
Great news for foreign investors. The City of Miami has received approval for designation as an EB-5 Regional Center for Foreign Investment under the U.S. Citizen and Immigration Services immigrant investment visa program. This newly designated center is one of the few government owned and managed regional centers in the United States. It will translate […]
https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.png00jaspa1https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.pngjaspa12014-06-05 19:10:092022-12-20 13:59:43CITY OF MIAMI RECEIVES EB-5 REGIONAL CENTER APPROVAL
WHETHER YOU ARE BUYING OR SELLING REAL ESTATE… THE MARKET IS HOT!! WE ARE BACK TO THE DAYS OF THE BIDDING CASH WARS, WITH BUYERS PLACING OFFERS AT OVER LISTING PRICE, AND SELLERS CHOOSING THEIR BUYER FROM MANY A POOL OF EAGER TAKERS. HOWEVER, IN THE TAIL END OF THE FINANCIAL FORECLOSURE CRISIS, WITH SO […]
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Providing up to $50,000.00 in mortgage payment and reduction of mortgage balance, the Florida Hardest-Hit Fund Principal Reduction program will reopen on May 15, 2014 at 9 AM. Last year the program accepted 25,000 applications and provided aid to more than 2400 homeowners. The qualifications for the program are strict and require, among other things, that […]
https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.png00jaspa1https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.pngjaspa12014-05-14 20:13:072022-12-20 13:58:40FLORIDA HARDEST HIT PROGRAM OPENS UP TOMORROW MAY 15, 2014
Ever since the real estate bubble burst, securing financing for the purchase of real estate has been challenging. Tighter loan restrictions and fewer, more strict lending programs have stymied many real estate purchasers. The Qualified Mortgage Rule went into effect on January 2014 to address these issues but how are homebuyers impacted by this new […]
https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.png00jaspa1https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.pngjaspa12014-05-08 20:02:132022-12-20 13:59:42QUALIFIED MORTGAGE RULE WENT INTO EFFECT JANUARY 2014.
FANNIE MAE SHORT SALE – CHANGING ALL THE HAFA RULES FOR SHORT SALES
UncategorizedFannie Mae no longer participates in the traditional HAFA short sale program. The new Fannie Mae HAFA short sale program places more stringent guidelines on borrowers who reside in the properties and want to have a short sale with deficiency forgiveness. HAFA is an acronym for Home Affordable Foreclosure Alternatives and is a branch of […]
LOAN MODIFICATIONS AFTER WIGOD V. WELLS FARGO BANK, N.A.
UncategorizedIn 2012, under the Wigod v. Wells Fargo Bank, N.A., 673 F.3d 547 (7th Cir. 2012), the Seventh Circuit Court of Appeals ruled that despite having signed a loan modification agreement and entered into a trial period, the homeowner could maintain a private cause of action against the lender or servicer under certain circumstance. The court […]
CONSUMER FINANCIAL PROTECTION BUREAU GIVES HOMEOWNERS NEW RIGHTS AND GREATER PROTECTION
CFPB, HAMP, Loan Modifications, Mortgage ReliefBeginning January 2014, new CFPB (Consumer Financial Protection Bureau) rules to protect homeowners and consumers shopping for home mortgages went into effect. The rules sharply reduce the runarounds and stalling techniques frequented by the banks for both sort sales and loan modifications under the HAMP Making Home Affordable Program. Virtually every mortgage now issued will […]
FHA OFFERS FIRST-TIME HOME BUYERS DISCOUNTED LOANS
Real Estate, Real Estate InvestmentsFirst time home-buyers you are in luck. FHA has unleashed a new program called the HOMEOWNERS ARMED WITH KNOWLEDGE or HAWK program last month for homeowners purchasing for the first time. This program is a way for home buyers to cut their mortgage insurance premium costs by attending counseling classes. The idea behind it is […]
WHAT TO CONSIDER WHEN PLACING YOUR PROPERTY ON THE MARKET FOR SALE
Miami Real Estate Deals, Real Estate, Real Estate Investments2014 is the YEAR OF THE SELLER in Miami-Dade and Broward counties. There are more buyers then inventory of properties on the market. A sellers market therefore makes hiring the services of an experienced team of realtor and real estate attorney/title agent more crucial then ever. Buyers and investors want to get properties at the discounted […]
BUYING REAL ESTATE PROPERTY AFTER THE FORECLOSURE MORTGAGE CRISIS… BUYER BEWARE
Miami Real Estate Deals, Mortgage Interest, Real Estate, Real Estate InvestmentsIN THIS DAY AND AGE, AFTER THE MORTGAGE CRISIS, IT IS A CRAZY THOUGHT TO ENTER INTO A PURCHASE SALES CONTRACT TO BUY A PROPERTY WIHTOUT ENLISTING THE ASSISTANCE AND ADVICE OF A REAL ESTATE ATTORNEY. ALMOST 50 PERCENT OF ALL HOMES HAVE BEEN AFFECTED BY THIS MORTGAGE CRISIS, EQUATING TO ISSUES ON TITLE, MORTGAGE […]
CITY OF MIAMI RECEIVES EB-5 REGIONAL CENTER APPROVAL
UncategorizedGreat news for foreign investors. The City of Miami has received approval for designation as an EB-5 Regional Center for Foreign Investment under the U.S. Citizen and Immigration Services immigrant investment visa program. This newly designated center is one of the few government owned and managed regional centers in the United States. It will translate […]
BUYING OR SELLING REAL ESTATE? DON’T GO IT ALONE.
Miami Real Estate Deals, Real Estate, Real Estate InvestmentsWHETHER YOU ARE BUYING OR SELLING REAL ESTATE… THE MARKET IS HOT!! WE ARE BACK TO THE DAYS OF THE BIDDING CASH WARS, WITH BUYERS PLACING OFFERS AT OVER LISTING PRICE, AND SELLERS CHOOSING THEIR BUYER FROM MANY A POOL OF EAGER TAKERS. HOWEVER, IN THE TAIL END OF THE FINANCIAL FORECLOSURE CRISIS, WITH SO […]
FLORIDA HARDEST HIT PROGRAM OPENS UP TOMORROW MAY 15, 2014
UncategorizedProviding up to $50,000.00 in mortgage payment and reduction of mortgage balance, the Florida Hardest-Hit Fund Principal Reduction program will reopen on May 15, 2014 at 9 AM. Last year the program accepted 25,000 applications and provided aid to more than 2400 homeowners. The qualifications for the program are strict and require, among other things, that […]
QUALIFIED MORTGAGE RULE WENT INTO EFFECT JANUARY 2014.
Mortgage Financing, Real EstateEver since the real estate bubble burst, securing financing for the purchase of real estate has been challenging. Tighter loan restrictions and fewer, more strict lending programs have stymied many real estate purchasers. The Qualified Mortgage Rule went into effect on January 2014 to address these issues but how are homebuyers impacted by this new […]