Month: May 2012

Some Great Information I received for Veteran Borrowers

Veterans Benefits Administration Circular 26-11-1 Department of Veterans Affairs January 6, 2011 Washington, DC 20420 RELOCATION ASSISTANCE FOR VA BORROWERS 1. Purpose. This circular provides authority and instructions for mortgage servicers to pay relocation assistance to borrowers participating in two different loss mitigation options: (1) a deed-in-lieu of foreclosure (DIL); or (2) a short sale…




Do I qualify for HAFA? Home Affordable Foreclosure Alternative

[youtube http://www.youtube.com/watch?v=0Jhgv4XikdM?rel=0] You may be eligible for HAFA if you meet all of the following criteria: Loan is owned by Fannie Mae or Freddie MacYou live in the home or have lived there within the last 12 months.You have a documented financial hardship.You have not purchased a new house within the last 12 months.Your first…