Archive for February, 2010

A new government program, the Home Affordable Foreclosure Alternative Program (HAFA), will simplify short sales for sellers who have already applied for a loan modification as discussed below.  HAFA streamlines the short sale process by pre-approving the seller and the terms of the short sale prior to listing the home for sale. Thus, the seller will […]

The $8,000 first time home buyer tax credit ($6,500 for existing homeowners) is scheduled to expire April 30 (sales contracts signed by April 30 have until June 30 to close) A first time home buyer is anyone who has not owned a home for the past 3 years.