Government mortgage insurer Fannie Mae has made an announcement regarding some interesting new mortgage underwriting guidelines two weeks ago on a bulletin to lenders. One of the issues raised of importance to me and my homeowner readers is a time-frame in which troubled mortgage borrowers that either went about doing a Short Sale or Deed In Lieu of their house will be able to apply for a Fannie Mae insured mortgage two (2) from the time of the What is a short sale? A short sale is a sales transaction in which the seller's mortgage lender agr or Deed...

Homeowners that are troubled with a property or house that is worth less than the amount owed on the mortgage loan, also called underwater mortgages,  may have other options by either a principal reductions, lower payments or interest rate,  and/or a short sale. Underwater houses with little or no equity have been becoming a more widespread problem over the last few months and homeowners are growing aggravated with good reasons. Some homeowners, like the ones who want to make a profit on their home in the future, have been either asking for principal reductions hoping they can bring the amount owed on the mortgage closer to the current market...

More On HAFA & How We May Help Homeowners For all purposes, all information written in this post, is only for educational purposes for the homeowner of distressed property trying to decide its best alternative course of action, and should not be construed by any means a legal or tax advise.  For professional advise, please seek the advise of your local counsel/attornery or tax consultant.  Use this information, links, downloads on this post page to educate yourself and your potential thoughts of a short sale if elegible as applicable by HAFA's Short Sale program. My name is Freddie Colon and I am a Real...

Attention:  HOMEOWNERS of Over Leveraged properties!!!   ...Is your house worth less than what is owed...? ...Can't afford making payments on your mortgage because...? ...Behind on payments, but will like to keep your house at an affordable mortgage loan rate...? ...Thinking of not making payments on a property value that is less than you owe...? ...About or already defaulted on your mortgage payments...? ...Are 30...60...90 days delinquent due to... ...Have been served with a Notice of Default (N.O.D.)...? ...About or facing foreclosure...? ...Or simply have negative equity on your house... If you answer YES to any of the above questions, WE CAN HELP!!!  Yes, me an a few selected team members have taken the challenge...