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Since launching its short sale effort last April, the Treasury Department program has not exactly gotten off to a galloping start.

The Treasury Department has revamped its short sale program by easing income restrictions and documentation requirements for homeowners facing foreclosure.

Many defaulted borrowers are not embracing short sales as the much-vaunted "graceful exit" from the home that government and industry officials hoped for...

Short sales have been the hot solution for financially stressed homeowners and their lenders for the past year, but here's another potent foreclosure alternative that's about to take center stage: deeds in lieu.

Short sales have been the hot solution for financially stressed homeowners and their lenders for the past year, but here's another potent foreclosure alternative that's about to take center stage: Deeds-in-lieu.

Short sales have been the hot solution for financially stressed homeowners and their lenders for the past year, but here's another potent foreclosure alternative that's about to take center stage: Deeds-in-lieu.

Since the government’s Home Affordable Foreclosure Alternatives (HAFA) program was implemented just over two months ago, Loan Resolution Corporation, a pre-foreclosure asset management firm based out of Scottsdale, Arizona, says it has been assigned more than 10,000 HAFA requests.

Loan Resolution Corporation has announced that the number of Home Affordable Foreclosure Alternatives (HAFA) requests assigned to it has exceeded 10,000 since April 5, the first day that the new HAFA program was implemented. Loan Resolution executives attribute the exponential growth to its quality over quantity approach to assisting homeowners avoid foreclosure. This volume is expected to double, as the U.S. Department of the Treasury recently issued new guidelines to include Fannie Mae and Freddie Mac in the HAFA program. Approximately 55 percent of the mortgages in the United States are owned by Fannie Mae and Freddie Mac, so the volume of homeowners seeking HAFA guidance will rise tremendously.

Loan Resolution Corp. says the number of Home Affordable Foreclosure Alternatives (HAFA)-related requests assigned to it has exceeded 10,000 since April 5, the first day that the new short-sale and deed-in-lieu program was implemented.

The administration's Home Affordable Foreclosure Alternatives (HAFA) program hasn't even been in effect for a full week, and positive feedback is already coming in.

The mortgage industry is readily welcoming the implementation of the Home Affordable Foreclosure Alternatives program.

Short sales are really taking off and the Treasury Department is about to add rocket fuel to this foreclosure alternative.

A northeast Phoenix company that specializes in helping banks with short sales wants to hire 100 employees by the end of the month.

One Valley company is getting ready to hire 100 new employees during a job fair this weekend.

As an alternative to foreclosure, the government's forthcoming program to spur short sales may prove just as ineffectual as the push to modify loans.

Loan Resolution Corporation announced Tuesday that the company is adding 100 positions this month to meet the marketplace's growing demand for short sales – demand that is expected to intensify even furtherwhen the government's Home Affordable Foreclosure Alternatives (HAFA) program takes effect in April and short sales become a mandate in servicers' waterfall of loss mitigation options.

Scottsdale, Ariz.-based Loan Resolution Corp., a provider of short-sale services, plans to add 100 positions this month to meet demand for the government's new Home Affordable Foreclosure Alternatives program.

Loan Resolution Corporation has announced that it is adding 100 positions in March to meet demand for the government's new Home Affordable Foreclosure Alternatives (HAFA) program. The 100 full-time positions are necessary to meet the company's growth as demand for short sales and deed-in-lieus skyrockets. The Scottsdale-based company moved into a 30,000-sq.-ft. office in North Scottsdale in September 2009.

Loan Resolution Corporation is adding 100 positions in Scottsdale, Arizona, to meet demand for the government's new Home Affordable Foreclosure Alternatives or HAFA program.

Loan Resolution Corporation is adding 100 positions in Scottsdale, Arizona, to meet demand for the government's new Home Affordable Foreclosure Alternatives or HAFA program.

Loan Resolution Corp., a Scottsdale company that specializes in short sales, is planning to hire 100 people.

Scottsdale, Ariz.-based Loan Resolution Corp. says it is implementing a pre-approved short-sale program to help servicers tackle the much-publicized shadow inventory.

Loan Resolution Corporation said Wednesday that it is implementing a pre-approved short sale program to help the 8 million homeowners who are currently delinquenton their mortgages. The company says its streamlined process can turn a short sale decision within 48 hours.

As a foreclosure alternative, short sales are catching on as lenders and servicers deal with a huge inventory of defaulted mortgages that will continue to grow over the short term.

Loan Resolution Corporation (LRC), a pre-foreclosure asset manager based in Scottsdale, Arizona, recently announced that it has successfully completed its Statement on Auditing Standards No. 70 (SAS 70) Type II certification, the widely recognized auditing standard developed by the American Institute of Certified Public Accountants.

Loan Resolution Corp., a provider of default services with a core competency in short sales, says it has successfully completed its SAS 70 Type II certification audit.

Loan Resolution Corporation (LRC) announced that it has successfully completed its SAS 70 Type II certification audit. The new certification comes as LRC continues to take on top-five servicers as short sale clients, and it ensures total security for all client information. Loan Resolution Corporation became fully compliant in 2009 and the company completed the in-depth audit for the SAS 70 Type II in December. The SAS 70—Statement on Auditing Standards No. 70—Type II is the widely recognized auditing standard developed by the American Institute of Certified Public Accountants.

PERSON OF THE WEEK: "Take the traditional short-sale model and throw it out." That's the advice that Travis Hamel Olsen, Loan Resolution Corp.'s chief operating officer, tells servicers. This week, Olsen spoke to MortgageOrb about not just rethinking short sales, but also ways to improve the federal foreclosure-alternatives program recently operationalized by the Treasury.

Homeowners stuck while banks mull whether to approve short sales could benefit from new federal guidelines that give lenders a 10-day limit to respond to offers.

Homeowners stuck while banks mull whether or not to approve short sales could benefit from new federal guidelines that give lenders a 10-day limit to respond to offers.

Loan Resolution Corporation has announced the availability of complimentary seminars to explain the new Home Affordable Foreclosure Alternatives (HAFA). HAFA provides financial incentives to servicers and borrowers who utilize a short sale or deed-in-lieu to avoid foreclosure. Loan Resolution Corporation's executive team has prepared the two-hour interactive seminar, titled "How Servicers Can Generate Substantial Revenue and Keep Costs Low," to break down the 43-page document for servicers.

If you're in trouble on your mortgage and can't get a loan modification, check out the Obama administration's new standardized short-sale plan scheduled to roll out during the coming months. The program, outlined Dec. 1 by the Treasury Department, is an attempt to streamline what has been a contentious, time-consuming process by requiring lenders and others to use nationally uniform documents, timelines and financial incentives.

If you're in trouble on your mortgage and can't get a loan modification, check out the Obama administration's new standardized short-sale plan that's scheduled to roll out during the next several months.

SHORT sales — in which mortgage lenders agree to accept less than what is owed, allowing borrowers to escape foreclosure — were expected to grow easier this year after the Treasury Department proposed industry guidelines to navigate these complex transactions.

A government-incentivized program that acknowledges that not all homeowners are able to afford and keep their homes is intended to expedite the short sale process.

As DSNews.com reported earlier this week, the U.S. Treasury Department announced new guidelines to the short sale process on Monday in hopes of speeding up the recovery of the housing market.

Short sales may be a new best option for Valley homeowners struggling to avoid foreclosure. Home-loan modifications, endorsed by the federal government, are most borrowers' first choice when they fall behind on their mortgage payments because of a drop in their income. But short sales are also part of the federal housing plan to slow foreclosures. Unlike their slower-than-expected actions on loan modifications, lenders are now moving quickly on many short-sale requests in the Phoenix area.

A federally backed program that would allow former homeowners to remain in their homes as tenants could help some struggling Valley families maintain a sense of continuity after losing their homes to foreclosure.

Travis Hamel Olsen is president of National Short Sale Center and COO of Loan Resolution Corp., both Scottsdale, AZ-based companies that specialize in short sales. They serve as an intermediary between all the parties -- realtors, sellers, buyers, banks -- during the long, hassle-filled process.

FORT WORTH, TX-The ultimate goal is to help borrowers stay in their homes. That is what speakers stressed over and over at a recent default servicing conference here. But when that does not work, short sales are the only other option to pursue followed by perhaps a deed-in-lieu.

Loan Resolution Corporation has announced the addition of 50 employees as demand for short sales skyrocketed.

A few years ago, few people in the housing market had ever heard of a short sale. Mention the term today and people, whether they are homeowners or real estate agents, just roll their eyes.

Scottsdale, Ariz.-based Loan Resolution Corp., a self-described pre-foreclosure asset manager, has successfully implemented an end-to-end short-sale solution after partnering with an undisclosed top-10 servicer.

A short sale is when a bank allows a homeowner to sell his property for less than what is owed to the bank, and it should occur when the owner's income is too low to qualify for a loan modification.

The Treasury Department plans to announce financial incentives for servicers to pursue short sales and deeds in lieu of foreclosure for troubled homeowners who do not qualify for the Obama administration's loan-modification program.

The Treasury Department plans to announce financial incentives for servicers to pursue short sales and deeds in lieu of foreclosure for troubled homeowners who do not qualify for the Obama administration's loan-modification program.

As the largest banking companies try to unload thousands of distressed properties, they are using a controversial practice that can win them new loans and has competitors crying foul. It is called "cross-qualifying," and it works like this: Say that Lender A is selling a repossessed property, or has a troubled borrower who wants to sell the home through a short sale.

Trying to cut its losses, Bank of America Corp. has changed its policy on short sales, making it easier for borrowers to sell their homes instead of going into foreclosure. Until a month ago, B of A and its Countrywide Financial Corp. had required that 10% of a home's sale price go toward paying off home equity lines of credit before they would agree to a short sale. But Terry Francisco, a spokesman for the Charlotte company, said Monday that it changed its policy last month, agreeing to accept 5% of the sale price when there is no equity available to holders of the first or second liens.

As inventories of foreclosed homes pile up, some banks and mortgage investors are turning to a new group to help lighten their load: renters. By renting out a foreclosed home, a bank can garner some cash flow from a property and reduce the chances it will be vandalized. Further, rent-to-own agreements that give tenants the option to buy the home at a preset price offer a way to dispose of a property while bypassing the depressed market.

Loan Resolution Corporation, a pre-foreclosure asset management company based in Scottsdale, Arizona, announced yesterday that Robert Jones has joined the company as VP.

Scottsdale-based Loan Resolution Corporation today announced that Robert Jones has joined the nation's largest Pre-foreclosure Asset Manager as Vice President. In the new position, Jones will be responsible for increasing the overall effectiveness of Loan Resolution Corporation through process improvements and policy implementation. Jones will be responsible for all of the day-to-day operations of Loan Resolution Corporation, ranging from ensuring proper file set up and assignment to reviewing and submitting proposals. Jones is the main point of contact for Loan Resolution Corporation clients.