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Short Sale Timeline | National Mortgage Settlement

Tweet The National Mortgage Settlement contains standards for short sales that are similar to the Treasury Department’s HAFA (Home Affordable Foreclosure Alternative) program. These standards will improve the short sale process by making short sale requirements available publicly. Also part of the standards is the development of co-op programs to evaluate short sales prior to...

National Mortgage Settlement

Tweet On March 12, 2012, the United States Federal Government released details of a roughly $25 billion dollar national mortgage settlement with the country’s five major loan servicers: Ally, Bank of America, JPMorgan Chase, Wells Fargo and Citi.   This agreement, stemming from improper foreclosures and deceptive mortgage practices, is designed to provide relief to...

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