In 2009, the Treasury Department introduced the HAFA program to provide a viable option for homeowners who are unable to keep their homes through the existing Home Affordable Modification Program (HAMP).
How can HAFA help with my short sale in Oxford, AL? HAFA provides incentives in connection with a short sale or a deed-in-lieu of foreclosure. HAFA offers the following: * Complements HAMP by providing a viable alternative for borrowers (the current homeowners) who are HAMP eligible but nevertheless unable to keep their home. * Uses … (1 comments)
The question is not as easy to answer as we would all like to think. Credit scores are determined in a variety of ways, and there is no way a blog post is going to get you 100% up to date on it. There are a few things you do need to know first...
There are 3 credit bureaus that calculate your credit score. In Alabama, you are entitled to 1 free report from all 3 of them every year. This is so you can check your report for … (0 comments)
short sale: Shortsale vs Foreclusre
- 09/22/10 08:46 AM
As a Realtor, I am often asked the difference between a Short Sale and a Foreclosure. After I explain the difference, I am usually met with the same response... "so, why would I care? Both hurt my credit, and I walk away from my home with NOTHING either way." The answer is easy... If your Short Sale is negotiated properly, you can be forgiven of any balances still due. For example, if you owe $200,000 for a house and the bank forecloses and sells the house for $150,000... they can come after you for the $50,000 difference. A properly negotiated short … (3 comments)
Can HAFA help me with a short sale in Oxford, Alabama?
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