Are Foreclosures on the Decline?

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The latest statistics suggest that foreclosures are on the decline and short sales are on the rise. According to research from Moody’s Investors Service, in August 2009, short sales accounted for 8% of bank distressed property sales. As of mid 2011, short sales have jumped to more than 25%.  Meanwhile, the time it took for […]

Is HAFA Helping Short Sales?

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Is the Treasury Department’s Home Affordable Foreclosure Alternatives (HAFA) program helping short sales? It was introduced to help borrowers who couldn’t qualify for the Home Affordable Modification Program (HEMP) complete a short sale (as well as expedite the process…which is an oxymoron in and of itself; the government helping private enterprise be more efficient, ha!). […]