HUD


HUD Makes New Laws for Short Sales 24

HUD is getting scared. They’ve seen just how instrumental short sales are to the housing market recovery and so they’ve decided to throw their weight around just to make things more difficult (“better” in their language). Basically they’ve announced some changes regarding short sales. These new policies came into effect […]

short-sale-contract

mortgage loan principle reduction

Why Does BofA Still Have Your Money? 1

Bank of America may have decided to fight the foreclosure battle head on. They’ve begun working with HUD to offer reductions of principal in bad mortgages. And it’s not just BofA. Almost every major lender in the country is being pressured by the government to explain all those naughty practices […]