short sale: What Is A HAFA Short Sale?
- 01/04/12 04:56 AM
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 claims against homeowners. For a successful HAFA short sale it™s best to hire a Realtor who has experience with short salesand who is a Certified HAFA Specialist. To find a Certified HAFA Specialist in your area click here. Once you locate your Realtor you should discuss the HAFA program and the eligibility guidelines at your listing appointment. The HAFA program requires that the Realtor submit the … (1 comments)
short sale: 5 Steps For Listing Your Home For Short Sale
- 01/04/12 04:52 AM
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, your Realtor MUST be well versed in the qualifications and guidelines that your bank requires for a short sale approval. Hiring a Realtor that is well informed about the changes in the various short sale programs will be the difference between an approval or a denial. 2. Have all your ducks … (2 comments)
short sale: The Short Sale Process
- 01/04/12 04:25 AM
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 is being sold “short” of what the seller owes the bank. In a short sale transaction the bank must agree to accept less than what the seller owes and agree to release all liens on the property so that the property can be sold. The Short … (2 comments)
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 claims against homeowners.
;)
;)
