Monthly Archives: November 2011

Freddie Mac Offers Incentives to Buyers

Freddie Mac is offering a winter sales promotion on its REOs, or bank owned properties, through the Homesteps program. Freddie Mac will pay up to 3% of the final sales price towards the borrower’s closing costs. Some homes are also eligible for a two-year Home Protect limited warranty that covers electrical, plumbing, air conditioning, heating, […]

One nightmare HAFA experience (of many)

The Home Affordable Foreclosure Alternatives (HAFA) program sounded like it had a lot of potential when it was first announced. HAFA provides financial incentives to both borrowers and loan servicers in connection with a short sale or a deed-in-lieu of foreclosure (DIL). The program allows borrowers to receive pre-approved short sales terms before listing the […]