Good news everyone….
The Treasury Dept has officially released a directive extending the terms of all Making Home Affordable Programs: HAMP (Modification), HAFA (Foreclosure Alternatives), UP (Unemployment) and 2MP (Second lien modification) through 12/31/13. HARP (Refinance) is also extended to the same term. Major changes to HAFA are removal of occupancy requirement and 2nd lien payoff increase from $6k to $8,500, which eliminates the restriction of non-owner occupied homes from qualifying. Don’t forget the Mortgage Debt Relief Act of 2007 is expiring on 12/31/12.
To know more about the expiring Act or questions about short sales? I am your resource – always keeping myself current with changes and keep working harder for you! So, if you know anyone that could use my help, send them my way!