Share To encourage HAFA participation, the Treasury Department raised financial incentives under the program in late March. Borrowers are now eligible for $3,000 in relocation assistance, and servicers (banks) will receive $1,500 to cover administrative and processing costs for a short sale or deed-in-lieu completed under the program. In addition, the banks will be paid...
Read more »

Share HAFA (which means “I have HAFA mind to never pay another mortgage payment again!”) Kidding!!! Actually it is part of the Home Affordable Modification Program (HAMP) that aims to help homeowners who are unable to qualify for a loan modification under HAMP by providing them with the option to pursue a short sale...
Read more »

Share According to a monthly review of multiple listing services (MLSs) in 26 major U.S. markets conducted by the national online real estate brokerage ZipRealty, home sellers in Las Vegas, Phoenix!! and South Florida continued to slash prices in March in hopes of attracting buyers. (and it’s working!) While the number of “for sale”...
Read more »

Share It’s no secret they are on the rise and for obvious reasons. First; negative equity! The second reason is President Obama’s soon-to-be-announced plan to encourage principal reduction. If the plan is structured so that it gives incentives to default in order to secure principal forgiveness, which it will, expect defaults to spike. This...
Read more »

Share Welcome to the Success Roads Blog! We are all individuals from many different backgrounds who all share a unique interest and passion about real estate, our financial stability and in, not only creating wealth for ourselves and our families, but taking action and effecting change and making our neighborhoods, communities and the world a better place to live!...
Read more »