Local Area Index

Contact Powers Team

If you have any questions or need more detailed information, please feel free to contact me via phone at 301.613.7253 or fill out the form to let us know how we can help with your real estate needs.

Office Location 795 Rockville Pike,
Rockville, MD 20852
Phone: (301) 613-7253
Fax: (301) 424-9290

What is the Obama administration's newest attempt at hedging future foreclosures? Hafa video!

Posted by Matt Lateer on Friday, April 23rd, 2010 at 5:41pm.

mortgage_300

Only a few short years ago, even Real Estate Agents did not know what a short sale was!  My, how things have changed... 

Banks have estimated that the majority of short sales will have been processed by 2014.  More than 1 in 4 of all homes are now backed my mortgages that are worth more than the collateral that secures them: the homes themselves! 

The Department of the Treasury recently put out a new progam called HAFA (Home Affordable Foreclosure Alternative), which should make things more standardized and efficient in regards to short sale transactions.  Through shorter time frames and cash incentives to underwater sellers and unpaid mortgage servicers this program could help the negative perception which has come to accompany the short sale.

 I have posted a short video which explains the new HAFA program (albeit succinctly).  I think you'll find this video interesting and informative, so please post your thoughts below!

If you know someone that you think needs our help, please don't hesitate to contact us!

Be the first to comment on this blog entry!

Leave a Comment

Virtual Open House

open-house-blue_400   5017 Sunflower Drive Rockville, MD 20853

If you know someone that you think needs our help, please don't hesitate to contact us!

126 Views
Add a Comment

Tax Assessment Appeals – Problems with Property Values

house_balance_400

Recently there’s been an interestingly high volume of property owners who are having their properties appealed for reassessment because they feel that their property has been undervalued. Often times, miscalculations are...

271 Views
Add a Comment

My Account

Log in, to view your saved searches and add to your favorite listings.

Sign Up Here For Your FREE Account

... So You Can:

  • View detailed property information
  • Print detailed property flyers
  • Save your searches & favorite homes
  • Inquire about a private showing
  • Map individual property locations
  • Share your favorite homes with friends
Return to Top Email this Page Print This Page