How many loan modifications have been approved? 2011

Via: USA Today, December 12, 2011 Full Article PDF Title: Comparing Foreclosure-aid Programs Most of the Obama administration’s foreclosure-prevention programs announced in 2009 and 2010 have fallen short of stated goals. How programs compare: Home AffordableModification Program (HAMP) Budget: $19 billion; Launched: 2009 Goal: Modify 3 million to 4 million home loans so borrowers could […]

Investment Property Modification (Short Payoff by Relative)

Question: I have a rental property that is rented by my sister.  She wants to buy it but I have to do a short sale in order to sell it.  Am I allowed to sell it to her? I have an FHA loan. Answer: No.  You would think the bank wouldn’t care who gave them […]