To the Students from the May 3, 2011 HAFA Short Sale Class

Hi Everyone,

Here are the links to some of the things we talked about in class today.

Here’s the 61 page WA State Foreclosure Resource and Prevention Guide.

We talked about the brand new WA State Foreclosure Fairness Act….and here’s a great blog post from Jess and Julie Lyda on this topic.

There will likely be a request for more info on the IRS Mortgage Forgiveness and Debt Relief Act.

Here’s an article by Ken Harney on how a short sale or foreclosure effects a person’s credit score.

Tell your homeowners to look out for the new scam: Predatory Mortgage Litigation Services.

Here is the HAMP Policy Manual….all 178 pages.  The HAFA program begins on pg 113.

There was a request for stats on strategic defaulters.  Here’s the new report from FICO.

Here are the latest statistics on the HAMP program.

Here’s the Fannie Mae bulletin on strategic defaulters being locked out of a new mortgage. Freddie and FHA have similar guidelines.