The U.S. Treasury has released their long awaited details of the Home Affordable Foreclosure Alternatives (HAFA) program, which provides instructions for lenders and servicers participating in the Making Home Affordable, Home Affordable Modification Program (HAMP). The purpose of HAFA is to create an alternative to foreclosures for homeowners unable to successfully modify their troubled mortgage u ...

Homeowners finding it tough to qualify for federally sponsored mortgage assistance programs are increasingly contemplating whether or not to consider the short sales route. While short sales have certainly assisted many homeowners in resolving their debt burdens, there are pros and cons to consider. Below are some of the most critical questions to answer before deciding whether to short sale your ...

Endorsements
HUD approved counseling agencies are approved by the U.S. Department of Housing and Urban Development (HUD).
HUD-approved housing counseling agencies help families understand the home purchasing process, how to get budgeting and credit problems fixed, and how to avoid predatory lending practices.
Agencies applying for HUD approval must meet the following criteria:
• Must have 501( ...

RESOURCES FOR HOMEOWNERS FACING FORECLOSURE
U.S. DEPARTMENT OF THE TREASURY

The U.S. President’s "Making Home Affordable" Plan
Making Home Affordable Website
http://www.makinghomeaffordable.gov/
U.S. Treasury Detailed Program Description
http://www.treas.gov/press/releases/reports/housing_fact_sheet.pdf
Borrower Q & A
http://www.financialstability.gov/docs/borrower_qa.pdf
Making Home Af ...