Government Issues New Short Sale Guidelines
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December 11, 2009 by Elad Bushari · Leave a Comment
The U.S. Treasury Department announced a new program that will provide financial incentives to mortgage servicers and borrowers who use a short sale or a deed-in-lieu to avoid foreclosure on a loan facilitated through the Home Affordable Modification Program (HAMP). The new Home Affordable Foreclosure Alternatives Program aims to simplify and streamline the use of [...]
Harvard to halt construction in Allston
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December 11, 2009 by Elad Bushari · Leave a Comment
Harvard University President Drew Faust announced Thursday a plan to “pause” construction of the school’s Allston Science Complex, starting this spring. The timeline for the delay will correspond with the completion of the project’s first phase, Faust stated in a letter to the university.
“The altered financial landscape of the university, and of the wider world, [...]