Obama Administration Extends Making Home Affordable Program

U.S. Secretary of the Treasury Jack Lew announced Thursday that Treasury is extending the Making Home Affordable Program for another two years. The new expiration date is now set for December 31, 2015. The program offers help to homeowners through solutions including the Home Affordable Modification Program (HAMP), Home Affordable Foreclosure Alternatives (HAFA), and the Second Lien Modification Program. As …

Home Selling Tips “Decluttering”

Team Leader Mark Kunce talks about the home selling tips. When putting your home on the market, we believe that you need to distance yourself from your home. For more information, please call 619-663-7139. The My Home Team Keller Williams Realty http://www.theMyHomeTeam.com/ http://www.sdmyhome.com/

Report: Short Sales Replacing Mods as New Norm

Among the available foreclosure prevention tools, short sales are becoming the weapon of choice for servicers while the use of loan modifications has slowed, data from Fitch Ratings revealed. For example, among bank servicers, the percentage of resolutions in the loan modification category decreased to 26 percent in the last half of 2012 from 57 percent in the first half …