Recent Posts in HAFA Category
Posted on Mar 28, 2011 By Deborah A. Carman, Esq.
Unlocking the Secrets of the Net Present Value Test Our office receives daily calls from homeowners who have become frustrated as their loan modification process either drags on with no end in sight ...
Continue reading "Don’t Let HAMP, Hamper Your Life!" »
Posted on Jan 1, 2011 By Deborah A. Carman, Esq.
After more than four years of plunging home values hundreds of thousands of Florida homeowners will begin another New Year owing more on their mortgages then their homes are worth. For those of you ...
Continue reading "Foreclosure Crisis will continue through 2011" »
Posted on Dec 29, 2010 By Deborah A. Carman, Esq.
Of course you should. Why would anyone even ask such a question? We are faced with the worst housing market collapse since the Great Depression, 6.92 million U.S. properties are delinquent or in ...
Continue reading "If I’m at risk of losing my home, should I hire an attorney?" »
Posted on Nov 29, 2010 By Admin
Strategic default is a process by which homeowners that can afford to continue making their monthly mortgage payments, make a calculated financial decision to default on their mortgage in order to ...
Continue reading "Strategic Default is increasing for those who have no choice. " »
Posted on Oct 4, 2010 By Admin
Wells Fargo will no longer delay foreclosure proceedings in hopes that a short sale deal will come through. According to an American Banker report, the bank has stopped granting extensions for ...
Continue reading "Wells Fargo Puts a Stop to Short Sale Extensions" »
Posted on Aug 7, 2010 By DEBORAH A. CARMAN, ESQ.
Since the housing crisis began we have all been talking about reducing the principal balances of underwater mortgages as a way of addressing the foreclosure crisis and keeping homeowners in their ...
Continue reading "HAMP’s New Principal Reduction Alternative Program" »
Posted on Jun 29, 2010 By Deborah A. Carman, Esquire
As a push for short sales grows ever stronger many ask themselves why someone else is getting the better deal. According to CoreLogic more than 11 million borrowers currently owe more on their ...
Continue reading "Short Sales - Why is someone else getting the better deal?" »
Posted on May 7, 2010 By Deborah A. Carman, Esquire
I had to comment on an article just released touting how Fannie Mae and SunTrust Bank, are suddenly going to assist distressed Florida homeowners through the CCCS (Consumer Credit Counseling Service) ...
Continue reading "Fannie Forms New Partnership with SunTrust Bank to Help Distressed Florida Homeowners" »
Posted on May 7, 2010 By Deborah A. Carman, Esquire
In this country a lender choosing to modify your mortgage is a voluntary act, not law . HAMP, the Homeowners Affordability Mortgage Program, also known as the Making Home Affordable Program MHA and/or ...
Continue reading "HAMP, Homeowners Affordability Mortgage Program is not a law!" »