Short Sale program flops

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Sunnyvale, Calif.-based MLSListings Inc. is the first multiple listings service in California to implement a short-sale assistance program from Fannie Mae, the multiple listing service announced last.

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Homeowners facing a foreclosure may now be able to lease back and eventually buy back their home after a short sale. A newly launched program provides another option for homeowners who can’t afford.

I’ve spoken to my Florida Mortgage lender about my pending mortgage default in Florida, and they just want all their money. Can you still help? Some states allow a mortgage lender to foreclose on a property and to come after the homeowner for any unpaid mortgage loan balance. If you reside in a state that can sue you for the unpaid mortgage, you need to consider whether reaffirming the loan is worth that future risk.

HAFA provides financial incentives for servicers and borrowers to do short sales (selling the property for less than the value of the mortgage) and deeds in lieu of foreclosure (basically just giving.

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