President Obama Officially Launches HAFA...

The Obama Administration and the U.S. Treasury Department officially activated the HAFA (Home Affordable Foreclosure Alternatives) program from the 5th of April’ 2010, which gives struggling homeowners incentives to take advantage of two alternative options to foreclosure. Through the program, homeowners are encouraged to do a short sale – in which the borrower and the mortgage...

Bill prohibiting Third-Party transfer fe...

In 2008 Voters passed a constitutional amendment by a margin of 77% to 22% to prohibit the state, county or city from charging a transfer fee on the sale of a home. Unfortunately, the ballot measure did not include a prohibition on private transfer fees. Now a new property transfer fee scheme has arisen in which a third-party company enters into an agreement with a developer to record a...