Cape Coral Home Owners; Is a Short Sale for You?

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Real Estate Agent with Looking For a Real Estate Value in Cape Coral or Fort Myers? 3043061

Cape Coral Home Owners – Is a Short Sale for You?

If you can’t keep up your mortgage payments and are trying to sell your home as a short sale, the U.S Treasury has come up with a solution.

Read Reuters article, dated November 30th 2009
http://www.reuters.com/article/idUSN3046464720091130

There is good news about the short sale process. On November 30th 2009, the U.S. Treasury set much needed guide lines for mortgage companies to speed the short sales process. The new voluntary guidelines through the HAFA program will be in effect April 5th 2010 although loan servicers may elect to act before then.

See entire terms here HAMP
What does this mean to the home seller? 
Pre-approved list price acknowledging sales costs and real estate commissions
Response to a sales contract within 10 days
Release you from all responsibilities for repaying your mortgage
Receipt $1,500 to help pay some of your moving expenses

What does this mean to the home buyer?
Make an offer with confidence that the price is real
No more waiting months to find out the mortgage lender won’t accept a short sale

HAFA Home Affordable Foreclosure Alternatives Program
HAMP Home Affordable Modification Program

If you’re thinking that a short sale of your home may be the right alternative for you, please give me a call. I have a vast amount of successful experience with the short sale process.

Barbara Klare, Broker Associate
Gulf Coast Realty
cell: 239-292-1358
e-mail: bklare@comcast.net
www.cape-coral-foreclosure.com

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Topic:
Home Selling
Location:
Florida Lee County Cape Coral
Tags:
cape coral
cape coral short sale
short sale negotiation
short sale listings
short sale guidelines
hamp
hafa

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Barbara Klare

Broker Associate, Jones & Co Realty
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