Las Vegas Short Sale Training - CFAC℠ Designation Course - January 24, 2013
The Power of Momentum - Tony Robbins

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. 

Cheers,
Jan

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

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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 https://www.homepathforshortsales.com/ 

Wells Fargo Help for Homeowners   https://www.wellsfargo.com/homeassist/

Chase Short Sales & Alternatives   https://www.chase.com/chf/mortgage/hrm_otheralt

CitiMortgage
https://www.citimortgage.com/Mortgage/displayHomeOwnerAssistance.do?page=foreclosure

GMAC Help for Homeowners  https://www.gmacmortgage.com/finform/hhstart.htm

 

Housing Scorecard https://portal.hud.gov/hudportal/HUD?src=/initiatives/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).

 

HAMP/HAFA

Making Home Affordable https://www.makinghomeaffordable.gov/

Home Affordable Admin Site for Servicers https://www.hmpadmin.com/portal/index.html

HAMP Participating Servicers
https://www.makinghomeaffordable.gov/contact_servicer.html

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

https://makinghomeaffordable.gov/toolkit.html

 Downloads:

Making Home Affordable – HAFA page with latest Program Guidelines; Borrowers Documents
https://www.hmpadmin.com/portal/programs/foreclosure_alternatives.html


From Realtor.org - Download brochures and info on HAFA

https://www.realtor.org/government_affairs/short_sales_hafa

NAR Guide to Understanding HAFA

https://www.realtor.org/topics/home-affordable-foreclosure-alternatives-program-hafa/guide-to-understanding-hafa


Fannie Mae & Freddie Mac

Fannie Mae HAFA - https://www.efanniemae.com/sf/servicing/hafa/index.jsp#
Freddie Mac HAFA - https://www.freddiemac.com/singlefamily/service/hafa.html

Fannie & Freddie Loan Lookup - https://www.makinghomeaffordable.gov/get-assistance/loan-look-up/Pages/default.aspx

Fannie Mae Short Sale Assistance Desk - https://www.homepathforshortsales.com/

 

FHA Pre-Foreclosures

www.hud.gov/offices/hsg/sfh/nsc/rep/pfsfact.pdf  

https://www.hud.gov/offices/hsg/sfh/nsc/faqpfs.cfm  

 

Veterans

VA Compromise Sale Program
https://www.vba.va.gov/ro/houston/lgy/compsale.html

Homeowners Assistance Program (HAP)
https://hap.usace.army.mil/

 

Resources for Short Sales

 

Alternatives to Foreclosure

FTC – Mortgage Real Estate Publications/Downloads
https://www.ftc.gov/bcp/menus/consumer/credit/mortgage.shtm

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 - https://www.vantagescore.com/research/loanoptions/

 

Legal and Tax Ramifications for Sellers

IRS.GOV useful links

The Mortgage Forgiveness Debt Relief Act of 2007
https://www.irs.gov/individuals/article/0,,id=179414,00.html

Home Foreclosure and Debt Cancellation – (IRS.gov) https://www.irs.gov/newsroom/article/0,,id=174034,00.html

IRS Release of Lien
https://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
https://www.irs.gov/publications/p4681/index.html


IRS Pub 908 – Bankruptcy Tax Guide
https://www.irs.gov/publications/p908/index.html

 

State Foreclosure Laws Summary  

https://www.foreclosurelaw.org

 https://www.realtytrac.com/foreclosure-laws/foreclosure-laws-comparison.asp

https://www.all-foreclosure.com/procedures.htm

 

The National Consumer Law Center - https://www.consumerlaw.org/

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

 

Recommended Blogs to Read/Subscribe to:

 

Visit www.WBNLCoaching.com 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.

 

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