HAMP Program Extended

HAMP

President Obama in a recent State of the Union address spoke about homeownership and how the American Dream has dissipated for many due to lingering challenges in housing and mortgage lending. The President offered hope to more homeowners by extending the Homes Affordable Modification Program (HAMP) until Dec. 31, 2013, and widening the program’s eligibility [...]

Home Affordable (HAFA) Short Sale Guidelines Are Really Making a Difference

Home Affordable (HAFA) Short Sale Guidelines Are Really Making a Difference

The theory behind greater Tampa Bay area short sales seems simple enough: If a homeowner owes more money on a house than the house can sell for, and the homeowner is struggling to pay the mortgage, the lender will allow the house to be sold for less than is owed. For obvious reasons, lenders are not [...]

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