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The HAFA program (Home Affordable Foreclosure Alternatives) is a government-sponsored program that allows homeowners who are short selling their properties to receive $3000 in relocation assistance, have their total mortgage debt forgiven and requires that participating lenders waive all future ...
1. Hire a short sale specialist. Not all Realtors are experienced in short sales. Depending on what kind of short sale you are requesting (the Federal government has a program called, œHAFA, which among other things gives the homeowner $3000 in relocation assistance) or a regular short sale...
If you are thinking about buying a short sale property there are a few things you will need to know before entering into a transaction. What Is A Short Sale?A short sale is where the seller owes the bank more than than the property is worth. The term “short sale” literally means that the property...