HAPM 2.0

I am one of the many people who have undergone mortgage modification issues with Bank of America and the Home Affordable Modification Program HAMP/MHA. Here is the story, most of it.

Managing REO
Shari Olefson

FHA, Fannie and Freddie: What's Government's Role in Housing?

MAY 14, 2013 5:31pm ET
Fox 29's John Favole And Shari Olefson On Long Term Care Insurance
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Cash Is Fueling Quick Home Sales

Mon, 06/10/2013 - 20:00 -- Shari Olefson

Cash buyers are increasingly out pacing first time home buyers for many months in a row now. We have verified frenzies of cash and investor home buyers in several regions now.  Unlike some folks, this does not concern me. Sure it translates to challenges for non cash buyers trying to buy a home and having to compete with these guys.

Principal Reduction

Dear Ms. Olefson,
After my family and I saw your very interesting interview this past Sunday morning, we thought we may have finally found an attorney that may be able to help us save our home. I was contacted by your office assist on Monday 6/3/2013, Sarah, and after our conversation, Sarah indicated that perhaps the best way for my family to see if you can render legal representation for us, would be to email you with some details of our difficulties we have been having with Wells Fargo.
Respectfully yours, Donna


 

Deficiency Judgment

Ms. Olefson, I did a little research to find you. I also notice you have done some informational spots on Fox.

I sold my primary home 2 years ago. In doing so, the first mortgagee was paid in full (~$450k)and the 2nd received about 25% of their indebtedness(~$600,000). I had an attorney but I now need to review my current situation relative to the following:

a) what to do about the remaining indebtedness

b) make sure I am protecting other assets

c) other options

Thanks so much in advance for your response.... Dan A


 

Underwater

Last weekend we watched your interview on Fox from our Florida home. We purchased our home in a retirement community in 2005 for 208K. I put a down payment of 50K. Within a year half the house went up to 280K. We took an equity loan for approx. 35K. Much of the country crashed.

Huff Post Lives' Rick Camilleri And Shari Olefson On Potential Housing Bubble
Huff Post Live
Ricky Camilleri
Shari Olefson
Zach Carter
Dean Baker
Daren Blomquist
Sandy Smith
Fox 29's John Favole And Shari Olefson On HAMP Modification Program June 5, 2013

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