Bank of America will start a new program on May to possibly reduce principal balances or interest rates. Depending on your current loan you must follow both the Obama loan modification program and Bank of America.
Home Affordable Modification Program (HAMP)
HAMP – An increasing number of stuggling homeowners are receiving permanent loan modifications.
President Obama State of the Union Address 2010, Video Replay and Transcript
The stance President Obama takes on the financial markets and banks could have significant impact on home owners and interest rates. Stay tuned.
FHA’s Relief to Struggling Homeowners
The Helping Families Save Their Home Act of 2009, expanded FHA’s authority to assist FHA borrowers with avoiding foreclosure.
Government Rebate for Energy Efficient Appliances
$300 million dollar Federal rebate program is launching early 2010 for qualified “Energy Star” appliance upgrades. Rebates will be available until February 2012 or until the money is gone!
Home Affordable Foreclosure Alternatives Program (HAFA) Guidelines
Treasury Department released guidelines and forms for its new Home Affordable Foreclosure Alternatives Program (HAFA) which is part of the Home Affordable Refinance Program. Program will start in April 2010.
Home Sales in Washington State rise in Q3 2009
Seattle Real Estate sales rise in Q3 2009. The first time home buyers tax credit is helping increase the figures with the expiration date, but has since been extended and opened to buy ups!
Fighting Loan Modification Scams
Congress asked NeighborWorks America to launch a national public education campaign, to help protect themselves against loan modification scams.
Seattle Real Estate FHA Condominium Changes October 1, 2009
Effective October 1, 2009, FHA is implementing a new approval process for Seattle Condominiums to be eligible for FHA/HUD financing.
How To Protect Your Credit Rating When Mortgage Problems Hit
Seattle Home Owners ask questions and prepare in advance for a possible short sale and loan modification before its to late.