Campbell Realty

Have you heard the word lately that it's a buyer's market?  Don't believe it.  The market today is driven by lenders.  Lenders who own real estate, acting as sellers.  These homes would be the REO's, or foreclosures on the market today.  Lenders who must approve short sales.  These are the properties ...

I spent quite a while on the phone today with Bank of America, and their HAFA servicer, LRC.  It seems no one will take responsibility for the fact that Fannie Mae loans are now eligible for the HAFA program.  LRC (Loss Resolution Corporation) insists they DO NOT service any government loans in the HAFA program.  Strange, but Bank ...

Finally, on August 1st this year, Fannie Mae and Freddie Mac rolled out their own HAFA programs.  Now, just about the only loans that don't have a HAFA program are the FHA and VA loans, as well as the USDA.  If you aren't familiar with HAFA, it could be the best program to be launched for distressed homeowners....ever.  ...

The HAFA program is rolling out in just a few days.  This is supposed to streamline the process of a short sale for homeowners who aren't able to modify their mortgages.  There are specific requirements, such as the home being your primary residence, listing your home with a REALTOR, and the ability to get your sale pre-authorized by ...