Ed Clements's (rchmd19) Blog

Wells Fargo has changed some of their guidelines to make doing a short sale quicker and easier. Wachovia short sales are even easier than Wells Fargo short sales. It's best to find out if you qualify for the HAFA program before you submit an offer. Some investors will not consider you for HAFA if...

There are some new HAFA guidelines that will benefit more people. Along with the current benefits, $3,000 relocation allowance and if the lenders/investors are participating in the HAFA program the full release of any future liability. Unfortunately these guidelines do not apply to loans backed b...

Short Sale, Deed in Lieu, Loan Modification, Foreclosure, HAMP, HAFA in California and what they mean to you. Under the HAFA program you have the option of doing a Short Sale or Deed in Lieu. The lenders are required to give you at least 120 days to market the home and obtain an offer. The lender...