The Latest “Unknown” Government Short Sale Changes! Will the new HAFA Program Work or Not?
Posted on 06. May, 2010 by Patrick Precourt in Business, Industry Changes, Investment, Preforeclosure, Real Estate, Short Sales
(No Ratings Yet)On this week’s Friday Coffee Break we dig into two of the latest and greatest government changes in their infamous HAFA Short Sale Program. You won’t believe what they added this time that will make your sellers pretty mad! We also cover our upcoming Equator.com webinar, our upcoming PropTrackr.com webinar, whether or not a HELOC (Home Equity Line of Credit) that gets charged off will qualify for the HAFA Program, whether or not you can collect a loss mitigation fee on top of a real estate agent commission, the best way to turn a potential wholesale short sale flip into profit when you are dealing with a lender who has a 30 day no resale clause and you have no money, and much more. Visit www.FridayCoffeeBreak.com for more real estate specific videos and check out www.PropTrackr.com for the industry’s best online Real Estate Management Tool — developed by North Shore Enterprises!
Kent
07. May, 2010
I thought you said the second call was going to bo we on Thursday the 13th?
The email invite and confirmation said Friday the 14th.
Pls confirm REAL day/date. Either way, I”ll be there!
Kevin McNeill
07. May, 2010
Hey Pat -
Great content as always.
You ran out of time at the end of the video regarding how to get around the “no resale” provision on the lender’s approval letter. How do you get around that issue…I believe it is know as Condition 10 on the BAC short sale loan approval letter.
Thanks again for all you insights,
Kevin
david
09. May, 2010
I would like to listen to this wensdays call.
Mahmood Motani
10. May, 2010
Would like get invite to the Bank of America Equator training call on Thu May 13. Thanks.
Chris
25. May, 2010
Someone tell those cackling hens to keep it down a few decibals !!