mortgage: Home Affordable Foreclosure Alternatives Program … Are You Eligible?
- 12/28/11 08:24 AM
Home Affordable Foreclosure Alternatives Program … Are You Eligible? The Home Affordable Foreclosure Alternatives (HAFA) Program is the government’s newest tool to help homeowners avoid foreclosure. HAFA provides incentives for lenders and homeowners to carry out a short sale or deed-in-lieu of foreclosure. Are you eligible? Take this short survey to find out: Question Answer 1. Is the property your principle residence? Yes No Not Sure 2. Is the mortgage a "first lien mortgage" originated on or before January 1, 2009? Yes No Not Sure 3. Is your mortgage delinquent, or is default (missed payments) reasonably foreseeable? Yes No Not Sure … (0 comments)
mortgage: How does HAFA help Homeowners Avoid Foreclosure?
- 12/11/11 06:05 PM
offers homeowners, their mortgage servicers, and investors an incentive for completing a short sale or deed-in-lieu of foreclosure. With these options, under HAFA, a homeowner leaves their home to transition to more affordable housing and alleviate the mortgage debt they owe. These options are available for homeowners who: 1.Do not qualify for a trial mortgage modification under the Making Home Affordable Program. 2.Do not successfully complete the trial period for their modification. 3.Miss at least two consecutive payments during their modification period. 4.Request a short sale or deed-in-lieu of foreclosure. The HAFA Program streamlines both of these options to make them … (3 comments)
mortgage: FAQ: Who Pays Realtors Commissions when executing a Short Sale or Pre Foreclosure?
- 12/11/11 05:49 PM
Homeowners, all commissions paid to the Realtors and associated closing costs are paid by the Bank, you pay no sales commissions!!! The only repayment I ask once I've successfully executed your short sale, is a WORD OF MOUTH! I exist on referrals- and offer complimentary & confidential consultations via email or in person.
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mortgage: Short Sales (Pre-Foreclosure) 101
- 12/11/11 05:40 PM
Short Sales Explained with Tiffany Saunders Completing a real estate short sale is one of the most difficult transactions in all of real estate. It is important to know that the company and team you hire to complete this process for you have expertise in this area.We found it beneficial to make sure our clients know what is going to happen throughout the process. Below are the most common questions that have been asked by our clients. If you are speaking with others and they can't answer the questions below, we recommend seeking another opinion.What is a Short Sale?A … (2 comments)
mortgage: Guide for Applying for a Home Loan after Foreclosure or Short Sale
- 10/25/11 04:30 PM
Use this handy guide to figure out how quickly you can buy a home after a major financial setback when applying for a loan through FHA, Fannie Mae, or Freddie Mac. Your credit score will take a major hit after a foreclosure, but there are guidelines to follow when you're ready to be a home owner again. Foreclosures, deeds in lieu, short sales, bankruptcies—they can damage your credit for a long time. But by following guidelines from the FHA, Fannie Mae, or Freddie Mac, you can become a home owner again if you work to rebuild your credit and … (2 comments)
mortgage: How to Short Sale your property and KEEP Good Credit
- 02/23/11 12:03 PM
The #1 question I get is this:I want out of my house (or my rental properties.) But I am worried a short sale will hurt my credit score.I am still current on payments. What should I do?A short sale does not hurt your credit score too bad. Maybe 10 - 50 points on your FICO score, if that. I would say 20 points off is more like it.What hurts a credit score is being in foreclosure,or being late on payments, or both.Foreclosure is very bad on a credit report. So isbankruptcy.But a short sale does not have to show up this … (0 comments)
Home Affordable Foreclosure Alternatives Program … Are You Eligible? The Home Affordable Foreclosure Alternatives (HAFA) Program is the government’s newest tool to help homeowners avoid foreclosure. HAFA provides incentives for lenders and homeowners to carry out a short sale or deed-in-lieu of foreclosure. Are you eligible? Take this short survey to find out: Question Answer 1. Is the property your principle residence? Yes No Not Sure 2. Is the mortgage a "first lien mortgage" originated on or before January 1, 2009? Yes No Not Sure 3. Is your mortgage delinquent, or is default (missed payments) reasonably foreseeable? Yes No Not Sure … (0 comments)
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