HAMP Massive Flop According to Treasury…Even More Short Sales Coming
Breaking news from the Treasury…. Obama’s HAMP is a Flop! Over 800.000 homeowners “booted” from the Home Affordable Modification Program. Where do these homeowners turn? Short sales or foreclosures…that’s the option. Here’s the article from Arthur Delaney via HuffPost.com: WASHINGTON — The U.S. Treasury Department announced Wednesday that more than 600,000 homeowners across the country have been granted “permanent” mortgage modifications under the Obama administration’s signature anti-foreclosure effort, the Home...
Read MoreHow Will A Short Sales Affect My Credit?
How Will a Short Sale Affect my Credit Score in Newport Beach, Orange County ,...
Read MoreHow Will A Short Sale Affect My Credit?
How Will a Short Sale Affect my Credit Score in Newport Beach, Orange County ,...
Read MoreHow Will My Taxes Be Affected By a Short Sale in Orange County?
How Will a Short Sale Affect my Taxes in Orange County? from Kim and Kris Darney on Vimeo.
Read MoreShort Sale Questions…Kris & Kim Darney Answer What's HAFA
Kris and Kim Darney answer most frequently asked questions from homeowners that are considering a Short Sale. As of 2009 more than 11.3 million residential properties fell into negative equity. That equals 24% of all homes in America with a mortgage. Consider walking outside of your front door, and realizing that 1 in 7 of your neighbors are in jeopardy of foreclosure. Questions regarding tax ramifications are high on the list. We’re not CPA’s, but do understand the mortgage debt relief act that President Bush put in place in 2007 that works with the IRS to eliminate any Capital Gains...
Read MoreMore on HAFA…Kris & Kim Darney Talk About Benefits to Home Owners Doing Short Sales
Kris and Kim Darney highlight HAFA….Home Affordable Foreclosure Alternative rolled out April 5th by our Treasury Department as an extension of HAMP….Home Affordable Modification Program. Some of the highlights of HAFA include an incentive of up to $3000 for relocation costs that is paid to the home seller at close of escrow with a successful short sale. Non recourse settlements are also a huge benefit to the homeowner under the new program. If you are looking for alternatives to foreclosure, a short sale may be the answer. We will schedule a discreet confidential meeting with you to...
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