Previous month:
December 2012
Next month:
February 2013

January 2013

Updated Resource Guide: Short Sales, HAFA, Alternatives to Foreclosure

I have updated, revised and added useful links to the Resources for Short Sales, HAMP/HAFA, Alternatives to Foreclosure Guide as of January 8, 2013. Feel free to download the document and use the resources as needed to educate and inform your clients and yourself as necessary!  If you have any recommendations for additional online resources or discover a broken/bad link - please contact me. 


Download Short Sale Resources 1_2013  Guide for Short Sales, HAMP/HAFA, Alternatives to Foreclosure

FREE Membership is open to all Real Estate Professionals

Here are links to important downloads, resource sites and articles concerning short sales, HAFA and HAMP, and alternatives to foreclosure.

Bank / Lender  Short Sale Sites

Bank of America

Fannie Mae Short Sale Assitance Desk 

Wells Fargo Help for Homeowners

Chase Short Sales & Alternatives


GMAC Help for Homeowners


Housing Scorecard

Each month, the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury produce a monthly scorecard on the health of the nation’s housing market. The scorecard incorporates key housing market indicators and highlights the impact of the Administration’s unprecedented housing recovery efforts, including assistance to homeowners through the Federal Housing Administration (FHA) and the Home Affordable Modification Program (HAMP).



Making Home Affordable

Home Affordable Admin Site for Servicers

HAMP Participating Servicers

Outreach Toolkit – Documents, Flyers, Banner Ads for Blogs & Websites


Making Home Affordable – HAFA page with latest Program Guidelines; Borrowers Documents

From - Download brochures and info on HAFA

NAR Guide to Understanding HAFA

Fannie Mae & Freddie Mac

Fannie Mae HAFA -
Freddie Mac HAFA -

Fannie & Freddie Loan Lookup -

Fannie Mae Short Sale Assistance Desk -


FHA Pre-Foreclosures  



VA Compromise Sale Program

Homeowners Assistance Program (HAP)


Resources for Short Sales


Alternatives to Foreclosure

FTC – Mortgage Real Estate Publications/Downloads

Download FTCFactsforConsumers  Clearly defines all alternatives to foreclosure - from FTC

Avoid Foreclosure – Loan Modification Resources


Nevada Foreclosure Help and Loan Modification Resources

How a Short Sale Effects Credit

Impact on Consumer VantageScore Credit Scores Due To Various Mortgage Loan Restructuring Options -


Legal and Tax Ramifications for Sellers

IRS.GOV useful links

The Mortgage Forgiveness Debt Relief Act of 2007,,id=179414,00.html

Home Foreclosure and Debt Cancellation – (,,id=174034,00.html

IRS Release of Lien

IRS Pub 1450 – How to Request Release of Federal Tax Lien

IRS Pub 783 – Discharge of Lien Request

IRS Pub 4681 Canceled Debts – Foreclosures

IRS Pub 908 – Bankruptcy Tax Guide


State Foreclosure Laws Summary


The National Consumer Law Center -

This site has some excellent resources regarding programs for foreclosure mediation by state. 


Recommended Blogs to Read/Subscribe to:


Visit to learn more about our coaching program and online training membership options. Your FREE, basic membership includes a complete real estate business-planning course and downloads.


Las Vegas Short Sale Training - CFAC℠ Designation Course - January 24, 2013

Certified Foreclosure Alternatives Consultant℠

 CE.5094000-RE 7Hrs. General 
(This course approved by the Nevada Real Estate Commission for continuing education credit) 

Trainers: Jan O'Brien, Steven Kitnick

Next CFAC Class:
Thursday, January 24th, 2012, 9:00 am to 4:30 pm
Lunch Included 

9121 W. Russell Rd., #210 LV, NV 89148 (215 & W. Russell Rd.)
Take Jerry Tarkanian Way to W. Oquendo into the Desert Canyon Business Park

Investment: $159 (Reg. $229)  (Realty ONE Group agents call 702-858-9191 for 25% discount code)

Register ONLINE Now or call (702) 255-8722

CFAC_Live copy

"Jan O’Brien & Steven Kitnick have given me new insights, depth of knowledge & access to the ever-changing world of short-sales. The information, paperwork & service I give my clients has increased tenfold. I am fully confident as a short-sale listing agent and buyer’s agent. I highly recommend this course to anyone who understands that short-sales are the new standard of listings." Mark Karten, ABR, CDPE, CFAC, CIAS, CSP, SFR, SRES, ASREOS, e-PRO ~Rothwell-Gornt

Get answers to these questions and more.....

  • Is a short sale the answer to your client’s situation?      
  • What liability will you incur if you recommend a short sale without exploring alternatives?         
  • What are the alternatives to foreclosure?      
  • Why should you partner with attorneys, CPA’s and other trusted advisors?       
  • How do you reduce the potential risk and legal liability when processing and negotiating a short sale?        
  • What are the options for negotiating a short sale?  Who can legally do it? 

Once you complete the Certified Foreclosure Alternatives Consultant Designation Course, you’ll be a trained consultant who understands the alternatives to foreclosure with an emphasis on the short sale process.

Course content includes:

  • Using the Educational / Consultative Approach
  • Advanced Communication & Negotiation Techniques
  • Current Market Trends
  • Nevda Foreclosure Mediation Program
  • Options for Remaining in the Home
  • Options to Sell or Give Up the Property
  • A Complete Short Sale Listing System
  • Effectively Working With Short Sale Buyers
  • Loss Mitigation and Servicer Processing Tips
  • How to Reduce Your Risk & Liability in Today’s Market
  • Legal & Tax Ramifications for the Short Sale Seller

    Register ONLINE Now 
    or call (702) 255-8722


Join the WBNL Coaching Wanderers Club - The online, virtual coaching and training platform for Real Estate and Business Professionals.

Your basic, FREE membership includes:

WBNL Coaching Real Estate Business Plan Online Course and Downloads