Monthly Archives: October 2011

Harvard Professor Recommends Mortgage Principal Reductions

There have been a lot of ideas discussed to help ease the drop in home values over the last few years.  But despite all the discussion, these ideas have largely failed.  “Cash for keys,” foreclosure moratoriums, as well as government programs HARP, HAFA, and HAMP, have all helped fewer homeowners than originally planned, and home […]

Posted in HAFA Short Sale Program, HAMP Loan Modifications | Comments closed

First-time Buyers are Shying Away from Short Sales

A recent survey from Campbell/Inside Mortgage Finance shows that first-time buyers are less likely to pursue a short sale property than they were just 2 years ago.  According to the survey, which was reported by HousingWire.com, first-time buyers accounted for nearly 55% of short sales sold in November 2009.  However, by August 2011, that figure […]

Posted in Short Sale Info for Buyers, Short Sale Info for Realtors | Comments closed