HAFA "GUIDELINES" Please remember that HAFA is a comprensive set of "Guidelines". It is not law. The guidelines are not intended to be a one size fits all either. Each servicer (bank, lender) is currently employing their own version of HAFA. Some have not implemented their own guidlines yet and some are well down the road already. The important facts to remember as a homeowner are that HAFA: Continue Reading
Las Vegas Loan Modifications
The Homeowner and The Big Bank: A Loan Modification Fable
A fable according to Webster's Dictionary is “a fictitious story meant to teach a moral lesson". Aesop is the best known fable writer and most of us are familiar with his stories such as "The Tortoise and The Hare". A lesser known fable is "The Wolf and The Crane". For the purpose of my fable, the leading roles will be played by The Homeowner (the Crane) and The Big Bad Bank (the Wolf). The Continue Reading