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Recent Short Sale News from Realtor in Jupiter, Florida
 
Recent Short Sale News from Realtor in Jupiter, Florida.
 
This blog is to keep you the seller informed of recent Short Sale News. 
 
As your source of Real Estate News in Jupiter, Florida my goal is to keep you informed of any recent news regarding not only short sales but also foreclosures.
 
FORECLOSURE CAN BE AVOIDED!                                                                                                                                                                          
A short sale helps people who are in a situation in which the current value of their home is less than the mortgage owned on it. 
Basic HAFA (Home Affordable Foreclosure  Alternatives) eligibility criteria are the same as those for the HAMP loan modification program.  Note: if eligible, borrower will most often be evaluated for a HAMP loan modification before a HAFA short sale or deed-in-lieu is offered.  Borrower may deny modification and move direct to foreclosure alternatives.
 
Borrower must meet all of the conditions following:
Must be borrower's principal residence Property must be owner occupied Loan must be delinquent or default reasonably foreseeable First loan must have originated on or before January 1, 2009 Borrower's 1st loan monthly mortgage payment (PITI & HOA fees) must be greater than 31% of their gross income Borrower's current unpaid 1st loan principal ... more

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