Bank Of America Hafa Short Sale Approved by Los Angeles Short Sale Realtor Specialist
Not all Bank of America HAFA Short Sales are being approved. Luckily, my clients in the Los Angeles area got their Short Sale approved. The sellers are current on their mortgage. So, you do not necessarily have to be behind on your mortgage payments. One of the reasons that I think a Bank of America HAFA Short Sale is "good" is because the lender accepts the short sale and cannot pursue the borrower for any deficiency. HAFA Short Sale requires borrowers to be fully released from future liability for the first mortgage debt (no cash contribution, promissory note, or deficiency judgment is allowed). Sellers may also receive $3000 in relocation assistance.
If you have any questions or need Short Sale assistance from a Realtor Specialist in the Los Angeles & surrounding areas, feel free to call me directly at 818-903-2040.
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