The Agent Insider Blog

One of the biggest challenges agents face today is getting Short Sale Sellers to take action and agree to list with them. One of the ways I teach our students to speed up the process is to use the authority of others to support their message. In the link below, I have included a Fraud [...]

After waiting for months for what they called the ”imminent” release of their own HAFA programs, Fannie Mae and Freddie Mac finally released their own HAFA guidelines, procedures and forms on June 1, 2010.     As expected the new Fannie and Freddie HAFA short sale rules and forms are almost identical to the original HAFA program for non-GSE [...]

Now that the new HAFA program is in effect, we are getting swamped with emails from subscribers and students with questions about the new short sale guidelines and forms.  In order to answer this demand, Frontline is presenting a free HAFA webinar on next Tuesday, April 13, 2010 at 2:00 p.m. EST.  This one hour [...]

Just one week before the implementation deadline for the new HAFA Program, the Treasury Department issued revised HAFA short sale guidelines.  (Well at least they didn’t wait until the last minute).  The document is called “Supplemental Directive 09-09 Revised” and it could change the ballgame by making HAFA successful.  Apparently, the Treasury Department had been listening to [...]

A few weeks ago I posted an article on this blog in which I expressed concern about deductions that could occur from real estate agent commissions because of the language in the new HAFA short sale guidelines that are about to go into effect.  That language states that agent commissions are protected up to six [...]

This week the US Treasury Department released it’s long awaited new short sale rules and forms.  The new program is called HAFA (Home Affordable Foreclosure Alternatives) and sets forth new government policies for a short sale or deed-in-lieu of foreclosure. It is the new rules and procedures for HAMP participating lenders and servicers to follow when a homeowner doesn’t qualify for [...]

HUD, FANNIE MAE AND FREDDIE MAC ALL NOW AUTHORIZE PAYMENT OF SIX PERCENT COMMISSIONS A major issue real estate agents have faced when negotiating short sales with lenders and servicers was that it was always a battle to try and get paid a full real estate commission on these difficult and time consuming transactions.  The loss mitigators working [...]

As a Real Estate Broker, Lender and Investor, I have worked the foreclosure and distressed property market for over three decades.  As you can imagine, I have seen many people come and go in real estate over the years.  One of the main reasons for people leaving real estate is that they either lack the [...]