HAFA Update

In 2009, the Treasury Department introduced the HAFA program to provide a viable option for homeowners who are unable to keep their homes through the existing Home Affordable Modification Program (HAMP).

The HAFA program took effect on April 5, 2010 and sunsets on December 31, 2012.

HAFA provides incentives in connection with a short sale or a deed-in-lieu of foreclosure (DIL) used to avoid foreclosure on a loan eligible for modification under the HAMP program. Servicers participating in HAMP are also required to comply with HAFA. A list of servicers participating in HAMP (including HAFA) is available at: http://www.makinghomeaffordable.gov/get-assistance/contact-mortgage/Pages/default.aspx

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Humans Are Free: Monsanto: Found Guilty of Chemical Poisoning + 300k US Farmers Prepare Lawsuit

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Some evidence of a housing recovery

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Rental History

Best, Cynthia Tilleman
Podley Properties
626-825-0161

Subject: Rental history

Best, Cynthia Tilleman
Podley Properties

Date: January 13, 2012 10:11:25 AM PST
To:post@posterous.com” <post@posterous.com>
Subject: Rental History

A good rental history can help borrowers

First-time home buyers planning to purchase a house later this year may have a better chance of qualifying for a mortgage if they have had a history of paying their rent on time. 

Best, Cynthia Tilleman
Podley Properties
626-825-0161

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Listen to Tom

      Many of life’s failures are people who did not realize how close they were to success when they gave up.”

                                                                                                                          Thomas A. Edison 

Best, Cynthia Tilleman
Podley Properties
626-825-0161

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Real estate in the next 3-5years

Check out this link to see what the real estate market will bring!

http://rismedia.com/2011-10-08/nar-power-broker-roundtable-real-estate-in-the-next-3-5-years-what-must-we-do-to-be-ready

Cynthia Tilleman

Podley Properties
626-825-0161

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Wicked Lit

It’s that time of year for the 3 scary plays @ the Mountainview Cemetery. I saw them last year and I recommend highly.

Wicked Lit ( http://wickedlit.pmailus.com/pmailweb/ct?d=SZWQMgKCAAEAAAAwAAVkRA 

Best, Cynthia Tilleman
Podley Properties
626-825-0161

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Short Sales

Short Sale Soundoff: First-time buyers losing interest in short sales

First-time home buyer purchases of short sales dropped to 39.7 percent of short sale transactions in August, and represented a three-month slide. This was the lowest level for first-time home buyers ever recorded by the HousingPulse survey.

The first-time home buyer share of short sales hit a peak of 54.1 percent of all short sale transactions in November 2009, just before the originally-scheduled expiration of the federal home buyer tax credit.

Real estate agents responding to the August survey indicated that home buyers frustrated with short sale delays are resorting to placing offers on multiple properties, with the intention on closing on only one. This practice can bog down the short sale approval process at mortgage servicers.

More info

Best, Cynthia Tilleman
Podley Properties
626-825-0161

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Old wood windows can be repaired.

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How To Make A Garden Room | Home Garden Room | HouseLogic

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