Treasury: Nearly 4,500 HAFA Short Sales/Deeds in Lieu Completed(DSNEWS.com)

house short sale

By: Carrie Bay 04/01/2011 The Treasury Department released a new report on the government’s foreclosure prevention efforts Friday. In addition to the Home Affordable Modification Program (HAMP) numbers that are regularly recounted, new this month are details on short sales and deeds-in-lieu, as well as second lien modifications. Treasury reports that as of the end… Read More

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Fannie Mae and Freddie Mac Gov’t support (Associated Press)

Fannie, Freddie prove too big for government to shirk The government’s Christmas Eve pledge of unlimited financial aid to mortgage giants Fannie Mae and Freddie Mac is to make sure the housing market doesn’t deteriorate further, but it will cost taxpayers much more. By ALAN ZIBEL The Associated Press PREV 1 of 2 NEXT AP… Read More

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Short Sales Standarized Plan (Seattle Times)

Standardized short-sale plan may relieve big headache By Kenneth R. Harney Syndicated columnist WASHINGTON — If you’re in trouble on your mortgage and can’t get a loan modification, check out the Obama administration’s new standardized short-sale plan scheduled to roll out during the coming months. The program, outlined Dec. 1 by the Treasury Department, is… Read More

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