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By completing a short sale, homeowners can walk away from their properties without having a foreclosure reported on their credit - all while having their mortgage debt completely forgiven by the lender. Even if the homeowner is not in danger of foreclosing, the short sale process allows them to get rid of an investment that is only decreasing in value. Do you currently owe more on your property than what it's worth? You may be able to walk away from your property without having a foreclosure on your record, and without owing the bank anything. You can relieve yourself of the bad investment, the stress, and the burden. Before you know it, you’ll be returning to purchase a new home.What is HAFA? HAFA stands for “Home Affordable Foreclosure Alternatives.” Under the HAFA short sale program, the government offers mortgage lenders and servicers an incentive for allowing homeowners to short sell their homes. How Does HAFA Benefit Me? If you are in need of a short sale and if you can qualify for HAFA it can be greatly beneficial. HAFA allows the seller to receive up to $3,000 for moving expenses once the short sale is complete. However, not everyone qualifies for HAFA. What Does it Take to Qualify for HAFA? HAFA Short Sales are only available for homeowners who are short selling an owner occupied property. In addition, the unpaid balance owed to the bank must be less than $729,750. Finally, if you have 1 or more lenders, all lenders must agree to participate in the program. The lender(s) have a right to turn down their participation in the program on any file. As of now, HAFA expires Dec. 2012. Do I need to Contact HAFA Directly to Qualify? No…this is a common misconception. HAFA does not work directly with homeowners or sellers. You will still need to have your property listed for sale. We handle your entire short sale from start to finish, and always submit for the HAFA program. If you can qualify, and if your lender is participating in the program, we make sure you get it. Often times, local realtors who are in experienced with short sales submit documents or files incorrectly to the lender. This can result in not qualifying for HAFA. We are experts at theshort sale process and the HAFA program and ensure that all who qualify receive the HAFA benefits. Short Sale and Pre-Foreclosure Homes * Find ALL Short Sale Homes online from MLS * We will explain the Short Sale process * We are SHORT SALE EXPERTS
"If you are considering a "Short Sale", we recommend that you ALWAYS Consult your Tax Attorney or Qualified CPA"
Short Sale Team does not simply want to sell your house but SAVE YOU from forelosure by "Short Sale" but wants to protect you in the process so you can move on with your life.
If you are a homeowner facing the issue of missing payments and considering your alternatives, please do not hesitate to contact us for a FREE private consultation. You can reach us at 408-712-5290 |