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.
Cape Coral * Fort Myers * Lehigh Acres home owners in need of avoiding foreclosure, Please take notice!
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
The results of a successful bank short sale only restricts you from getting a mortgage from Fannie Mae or Freddy Mac for within 3 years. This too helps you restore your credit report a lot quicker then a foreclosure.
An Experienced Agent that has successfully closed several short sales is your best choice to help you with closing your bank short sale contract.
Remember the banks agents may have the best interest of the bank in mind first, then you the home owner, so interview a couple agents before working with one the bank suggests.
This is what one of my clients had to say about my services.
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