The Agent Insider Blog

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 [...]

Unfortunately, it looks the U.S. Treasury Department is going to miss its third self imposed deadline for issuing new short sale rules and policies to accompany the HAMP loan modification program.  Despite an earlier statement that we would see the new policies this week, the Treasury Department released written testimony from an appearance before the Congressional Oversight Committee a [...]