Loan servicers will have 30 days to send a borrower a short-sale agreement that includes the list price or acceptable sales proceeds under recent changes made to the Home Affordable Foreclosure Alternatives Program, aimed at distressed borrowers who don’t qualify for other government loan modification programs.

Once a sales contract has been initiated, loan servicers then have 30 days to approve or reject the transaction.

The stricter timelines are believed to help speed up the short sale process, which has faced numerous complaints for how long it takes lenders to review and approve short sales often causing buyers to walk away.

The stricter … Continue Reading

You are hear it means that you have keen interest in Colorado Springs Real Estate market  or you are planing to buy a home in spring’s area. I’ve dedicated a whole page of Q&A that nearly everyone asks about Short Sales in Colorado Springs. If you’re wondering about something I haven’t covered here, please contact me with your question.

CAN I GET MONEY BACK FROM A SHORT SALE?
As of April 2010 – the answer is YES! The government approved the Home Affordable Foreclosure Alternative (HAFA) program.  Among other things, HAFA allows homeowners to receive up to $3,000 at closing for relocation … Continue Reading

Are you looking for your Dream home to come true? Come to Colorado Springs. It is the perfect spot where you can find everything you want in your dream home. Colorado Springs is located near the famous rocky in center of USA. There are some facts that one will surely think of before buying a new home. For Example Climate, Basic facilities, Transportation availability etc. Colorado Springs is the perfect city which fits in all these categories. Colorado springs is a developing city which is recovering economically, so it is the best time to invest in the market either … Continue Reading