Often the people on the front lines for the banks inaccurately address your situation under the MHA guidelines. Click here to escalate your case to get answers and results.
Tuesday, December 21, 2010
Clients often inquire if they should get a modification or file for bankruptcy. The answer is to do both. Click here to read a great article that will answer many of your questions in what is often a very scary time.
This reference guide outlines the requirements and guidelines for the Makhing Home Affordable (MHA) Program for non-GSE mortgagees.
To get your copy of the guide, click here.
The 8 chapters are:
Chapter I -- contains standard information affecting all MHA programs
Chapter II -- contains specific program information on the Home Affordable Modification Program (HAMP)
Chapter III -- contains specific program information on the Home Affordable Unemployment Program (UP)
Chapter IV -- contains specific program information on the Home Affordable Foreclosure Alternatives Program (HAFA)
Chapter V -- contains specific program information on the Second Lien Modification Program (2MP)
Chapter VI -- contains specific program information on government loans
Chapter VII -- contains specific program information on the Treasury/FHA Second Lien Program (FHA2LP)
Chapter VIII -- contains specific program information on interactions with HFA Hardest Hit Fund Programs
To get your copy of the guide, click here.
The 8 chapters are:
Chapter I -- contains standard information affecting all MHA programs
Chapter II -- contains specific program information on the Home Affordable Modification Program (HAMP)
Chapter III -- contains specific program information on the Home Affordable Unemployment Program (UP)
Chapter IV -- contains specific program information on the Home Affordable Foreclosure Alternatives Program (HAFA)
Chapter V -- contains specific program information on the Second Lien Modification Program (2MP)
Chapter VI -- contains specific program information on government loans
Chapter VII -- contains specific program information on the Treasury/FHA Second Lien Program (FHA2LP)
Chapter VIII -- contains specific program information on interactions with HFA Hardest Hit Fund Programs
Monday, December 20, 2010
Happy Holidays! The Real Estate School will now be offering a brand new 3-credit CE course that fulfills the mandatory Fair Housing/Discrimination licensing requirement for Real Estate Sales Agents & Brokers.
'The Fair Housing Act' will be offered for the first time on January 20th at Bethpage Federal Credit Union.
IMPORTANT: Registration can only be done online - and will open shortly!
The Fair Housing Act
Credits: 3 Hours
Instructor(s): Andrew M. Lieb, Esq., MPH
Summary: Be warned - Discrimination in housing is very serious and exposes real estate agents to liability and the potential loss of their license. In fact, discrimination is so serious that the Department of State only requires that this course be included in the requisite 22.5 hours of continuing education and requires no other topic. This course is not a general survey course on discrimination, instead it explains a very specific law: The Fair Housing Act, which regulates our entire industry. The seminar will detail specific cases involving real estate agents and mortgage lenders who violated the Act. Be prepared for this course to hit home.
Here's a Sneak Peak of the Course Outline:
1. Introduction – Fair Housing Act, Law, and Overview: The Facts/Case Study Overview & Applicable Law/Results
2. The Fair Housing Act Explained: Protected Categories; Prohibited Conduct in Real Estate Brokerage; Prohibited Conduct in Mortgage Lending
3. Enforcement of FHA: Fair Housing Claim Elements; Fair Housing Defense; Fair Housing Administration/HUD; Fair Housing Act Penalties; Judicial
4. You the Agent & Brokerage: Discrimination; Religious Land Use and Institutionalized Persons Act
'The Fair Housing Act' will be offered for the first time on January 20th at Bethpage Federal Credit Union.
IMPORTANT: Registration can only be done online - and will open shortly!
The Fair Housing Act
Credits: 3 Hours
Instructor(s): Andrew M. Lieb, Esq., MPH
Summary: Be warned - Discrimination in housing is very serious and exposes real estate agents to liability and the potential loss of their license. In fact, discrimination is so serious that the Department of State only requires that this course be included in the requisite 22.5 hours of continuing education and requires no other topic. This course is not a general survey course on discrimination, instead it explains a very specific law: The Fair Housing Act, which regulates our entire industry. The seminar will detail specific cases involving real estate agents and mortgage lenders who violated the Act. Be prepared for this course to hit home.
Here's a Sneak Peak of the Course Outline:
1. Introduction – Fair Housing Act, Law, and Overview: The Facts/Case Study Overview & Applicable Law/Results
2. The Fair Housing Act Explained: Protected Categories; Prohibited Conduct in Real Estate Brokerage; Prohibited Conduct in Mortgage Lending
3. Enforcement of FHA: Fair Housing Claim Elements; Fair Housing Defense; Fair Housing Administration/HUD; Fair Housing Act Penalties; Judicial
4. You the Agent & Brokerage: Discrimination; Religious Land Use and Institutionalized Persons Act
Wednesday, December 01, 2010
Please contact Lieb at Law at 631-878-4455 to schedule a complimentary 20 minute question & answer at your office about the new dual agency disclosure forms - the new forms will be provided.
