UPDATED MARCH 31, 2010
Here are important downloads, resource sites and aticles concerning short sales, HAFA/HAMP, and alternatives to foreclosures.
To Download this Post as a PDF: ShortSale_Foreclosure _Links
Join www.ShortSaleProfessionalNetwork.com
FREE Membership is open to all Real Estate Professionals
HAMP/HAFA
- Making Home Affordable http://www.makinghomeaffordable.gov/
- Home Affordable Admin Site for Servicers https://www.hmpadmin.com/portal/index.html
- Making Home Affordable – HAFA page with latest Program Guidelines; Borrowers Documents
https://www.hmpadmin.com/portal/programs/foreclosure_alternatives.html
From Realtor.org:
- (PDF) Download HAFA+Brochure+Text
- (PDF) Download Government_affairs_hafa_brochure
- (PDF) Download Government_affairs_hafa_faqs_121109
- Realtor.org Short Sales: The Basics - http://www.realtor.org/realtors/basics_short_sales
- Realtor.org - Short Sales Tools, Tips - http://www.realtor.org/realtors/short_sales_tips_tools
- GLVAR Short Sale/Foreclosure Resource Guide http://www.lasvegasrealtor.com/reo/ GLVAR has compiled a resource guide of informational articles dealing with short sales, foreclosures and REO transactions. Covering tips on the short sale and REO market, representation, taxes, disclosure.
- http://www.shortsaleprofessionalnetwork.com - FREE membership for all CSP graduates
Alternatives to Foreclosures
- FTC – Mortgage Real Estate Publications/Downloads
http://www.ftc.gov/bcp/menus/consumer/credit/mortgage.shtm
- Download FTCFactsforConsumers Clearly defines all alternatives to foreclosure - from FTC
- Hope Now Homeowner Options
https://www.hopenow.com/homeowner-options.php -
Avoid Foreclosure - Help
- RentalForeclosure.com http://www.rentalforeclosure.com/ Tenants can find out if a property is in Foreclosure – NOD file
- Freddie Mac – Working with Your Lender to Avoid Foreclosure
http://www.freddiemac.com/avoidforeclosure/stop_foreclosure.html - Hope Now – https://www.hopenow.com/ http://www.housinghelpnow.org/ an alliance between counselors, mortgage companies, investors, and other mortgage market participants. This alliance will maximize outreach efforts to homeowners in distress to help them stay in their homes and will create a unified, coordinated plan to reach and help as many homeowners as possible
- Housing Help Now- http://www.housinghelpnow.org/ National Foundation for Credit Counseling
- Home Foreclosure and Debt Cancellation – (IRS.gov)
http://www.irs.gov/newsroom/article/0,,id=174034,00.html - The Mortgage Forgiveness Debt Relief Act of 2007
http://www.irs.gov/individuals/article/0,,id=179414,00.html - HUD.gov Avoiding Foreclosure page
http://portal.hud.gov/portal/page/portal/HUD/topics/avoiding_foreclosure - Foreclosure Prevention Resource Center (Mortgage Bankers Association) - http://www.homeloanlearningcenter.com/YourFinances/ForeclosurePreventionResourceCenter.htm
Nevada Foreclosure Help and Resources
- Nevada Foreclosure Mediation Program - http://www.nevadajudiciary.us/index.php/foreclosuremediation - This program allows homeowners to sit down with mortgage lenders, under the leadership of trained mediators, to discuss alternatives to foreclosure.
- Nevada Foreclosure Help http://foreclosurehelp.nv.gov/ – Useful resources and info from Nevada Department of Business & Industry
- Nevada Hope at Home http://www.nvhopeathome.org/ - collaborative effort between Nevada Public Radio, local nonprofit organizations and local financial institutions to help provide residents in southern Nevada access to reliable, easy-to-find information on the foreclosure crisis in southern Nevada
- Legal Aid Center of Southern Nevada http://www.lacsn.org/go/foreclosures/ - Legal Aid Center of Southern Nevada (LACSN) is a private, non-profit (501 (c) (3)) corporation which is a charitable organization dedicated to providing free community legal services to those in need. LACSN has been providing free legal aid for Clark County's low-income residents since 1958.
- HUD Approved Housing Counseling Agencies - Nevada
http://www.hud.gov/offices/hsg/sfh/hcc/hcs.cfm?webListAction=search&searchstate=NV
Legal and Tax Ramifications for Sellers
IRS.GOV useful links
- The Mortgage Forgiveness Debt Relief Act of 2007
http://www.irs.gov/individuals/article/0,,id=179414,00.html - IRS Release of Lien
http://www.taxalmanac.org/index.php/Internal_Revenue_Code:Sec._6325._Release_of_lien_or_discharge_of_property - IRS Pub 1450 – How to Request Release of Federal Tax Lien
www.irs.gov/pub/irs-pdf/p1450.pdf - IRS Pub 783 – Discharge of Lien Request
www.irs.gov/pub/irs-pdf/p783.pdf - IRS Pub 4681 Canceled Debts – Foreclosures
http://www.irs.gov/publications/p4681/index.html - IRS Pub 908 – Bankruptcy Tax Guide
http://www.irs.gov/publications/p908/index.html
State Foreclosure Laws Summary
- http://www.foreclosurelaw.org
- http://www.realtytrac.com/foreclosure-laws/foreclosure-laws-comparison.asp
- http://www.all-foreclosure.com/procedures.htm
The National Consumer Law Center - http://www.consumerlaw.org/
This site has some excellent resources regarding programs for foreclosure mediation by state.
- State and Local Foreclosure Mediation Programs: Can They Save Homes?, September 2009 http://www.consumerlaw.org/issues/foreclosure_mediation/content/ReportS-Sept09.pdf
- ·State and Local Foreclosure Mediation Programs – Updates and Developments – 01/10 http://www.consumerlaw.org/issues/foreclosure_mediation/content/ReportS-UpdateJan10.pdf
- Summary of Programs by State
http://www.consumerlaw.org/issues/foreclosure_mediation/content/SummaryOfPrograms.pdf
Recommended Blogs to Read/Subscribe to:
- DailyDose email from http://www.dsnews.com/
- Calculated Risk blog - http://www.calculatedriskblog.com/
- Housing Wire - http://www.housingwire.com/
- Bubble Meter blog - http://bubblemeter.blogspot.com/
- Dr. Housing Bubble - http://www.doctorhousingbubble.com/
- JanOBrien-Real Estate Coach - http://www.janobrien.com/
