PART 1.
The Home Affordable Foreclosure Alternative (commonly know now as HAFA) was established on April 5th, 2010 by the Federal Government to help Homeowners complete a short sale with decreasing home values.
The HAFA Short Sale program allows you to sell your PRIMARY RESIDENCE if you owe more than the home is worth (negative equity.)
The program does not carry any cost to the homeowner!
The benefits of a HAFA short sale are as follows:
- It allows you to Sell your Primary Residence if you have no equity
- It allows you to sell with no commitment to repay your mortgage company the difference
- It allows you to receive up to $3,000 for moving expenses
- It pays off your 2nd lien and will not allow them recorse.
You must use a Licensed Real Estate Agent to initiate the HAFA Short Sale process. Ian Reekie at Reekie Properties in Portland Oregon and in Deschutes County can assist you with your HAFA short sale. To reach Ian email him at ian@reekieproperties.com
Comments(2)