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Welcome to 2011, it is going to be a great year and we're excited to see where it takes us!

Changing Short Sale Rules - The HAFA program has been a mixed bag, but last week the Treasury Dept. changed the rules to make short sales easier.

Here are the primary changes to HAFA:

- Those seeking a short sale must get an answer within 30 days
- Servicers are no longer required to verify a borrower's financial information
- Servicers are no longer required to determine if the debt-to-income exceeds 31%
- Second lien holders no longer must accept 6% of the unpaid balance - hopefully this will eliminate this fraud exposed last year

Overall, these changes should help expedite short sales, which is good news for home owners, realtors, investors and ultimately the banks.

Call Today. We can Help. Ellen Tatone-Radatz (513) 317-2244