Short Sale/Foreclosure Resources

Short Sale and Foreclosure Resources

Law/Legal Issues

Short Sale Seller Advisory

Short Sale Guidelines for Licensees


FTC Exempts RE Brokers from MARS Ruling

IRS: Mortgage Forgiveness Debt Relief Act

Washington State Bar Association

WA State Foreclosure Fairness Act

WA State Distressed Property Law

National Foreclosure Settlement

Freddie Mac article on Short Sale Fraud

Check to see if a third party short sale negotiator holds a WA State loan originator license

WA State proposed legislation protecting shorts sale sellers from lenders pursuing deficiency

Bankruptcy and Short Sales: An Updated Primer by Kary Krismer 


Community Services

Northwest Justice Project: How to apply for free legal aid

HUD-Approved Housing Counseling Agencies

WA State Foreclosure Prevention Resource Guide



Making Home Affordable

How to tell if a home loan is in Fannie/Freddie’s portfolio

Other lender/servicers voluntarily participating in the HAMP/HAFA program

HAFA: Home Affordable Foreclosure Alternative

HAMP Net Present Value (NPV) Calculator for people who have been denied a loan mod

HUD/FHA Short Sales

VA Short Sales

USDA Short SalesSee Chapter 12; Account Liquidation

Bank of America Short Sale Resources for Agents

Bank of America Announcement May 2012 about Short Sale Seller Incentive Payments

Fannie/Freddie Set New Short Sale Approval Guidelines (June 2012)

Credit Scores

How does a short sale effect a person’s credit score v. foreclosure?


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