Cape Coral & Fort Myers Florida HAFA short sale real estate advice is written on 10/03/2011 by Joe Kendall, Broker Associate with Right Choice Realty. The HAFA stands for the Home Affordable Foreclosure Assistance Program it's importance to you the home owner is best described as am program of helping borrowers and a great alternative for you then loosing your home to foreclosure.
Ask yourself these simple questions.
Is your home located in Cape Coral or Fort Myers going nowhere?
Is your burden of making payments effecting you Mentally? Personally? professionally?
Do you feel like your home in Cape Coral or Fort Myers is loosing money every month making the mortgage payment?
Here is a link to understanding a hardship and how to write a hardship letter
You may be able to walk away without you owning the bank another dime after closing a successful short sale. A short sale or deed-in-lieu is a very smart move for both the lender and the borrower because the home will maintain it's value better when occupied, and the borrower gets to reduce their debt load. If you were not able to get your loan modified, this may be the best option for you since a foreclosure or bankruptcy can affect your credit for 7-10 years.
I have closed several short sales in Cape Coral, Fort Myers and Lehigh Acres with many of the major lenders in this country such as Bank of America, Chase Bank, Wells Fargo. Citi Bank, Countrywide, Saxton , Litton loan servicing, ING Direct and many others.
I would like to help you too! Please call or email me and lets talk about your situation and let me see what direction is the best for you.
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