A DIGNIFIED EXIT WITH THE (HAFA) PROGRAM ?

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Real Estate Broker/Owner with Maxus Realty Group - Broker 301-246-0001 Broker - Realtor - CEO

 A DIGNIFIED EXIT WITH THE  (HAFA) PROGRAM ?

HOME AFFORDABLE FORECLOSURE ALTERNATIVES (HAFA) PROGRAM HAS BEEN IMPLEMENTED TO ASSIST HOMEOWNERS IN DISTRESS.

short sales marylandWhat exactly is a dignified exit using the  "HAFAProgram ?

  {Home Affordable Foreclosure Alternative} 
 
This new program that came into effect just 3 days ago will help many homeowners that are currently upside down on their homes.

With HAFA, the bank has to approve not only the individual doing the short sale but the price of the property.

The U.S. Treasury was an instrumental part to enact such a program.. .it will simplify the short sale process.
Under the new rules, banks will have to pre-approve the home price and the person doing the short sale, so when the home hits the market it will be AN APPROVED SHORT SALE and it's ready to be sold

Now the best part is this. . are you ready?

Banks will also have to process the short sale in 10 days !!

The Government will give a cash incentive to the homeowner selling the property. . $3,000 Relocation costs!!

And of course the bank will get cash as an incentive to streamline the process. 

The best part of this program is that Lenders will not pursuit a deficiency judgment against the homeowners and they allowed to simply walk away. .  .(with $3,000 in their pocket and a chance for a new beginning)

This is what I call a dignified exit for many homeowners that have struggled for so long, exhausting their savings in a futile attempt to save a sinking home. . .

 

"Maryland and Virginia Homeowners could  benefit with the new HAFA  Program"

The HAFA Program became effective April 5th 2010, servicers may participate immediately, or as soon as is practical. The primary options available through HAFA include Short Sale and Deed-in-Lieu of Foreclosure.

short sales maryland
In case you are wondering. . 
What is the difference between a foreclosure and a short sale using the HAFA Program?

In a short sale with HAFA you SELL YOUR HOUSE and you owe the lender nothing!

In a Foreclosure.YOU LOSE IT ! and you get a deficiency judgment filed against you*

 

short sales maryland

 

Click on my eBook about Short Sales.. .to have a clearer vision if you could use a SHORT SALE in order to begin  a new fresh start.. .you must have a hardship to qualify.

 

RealtorFernando Herboso is a Certified Distressed Property Expert 

 

Short Sales Maryland
and a Gold Member Certified Default Resolution SpecialistTM with (CDRS)

 

 

short sales specialist
You can call  (Fernando Herboso) directly  @  240-898-1848 ext #1 or email : Fernando@Herboso.com

 


We can help you directly in Maryland, DC or Virginia

 

If outside our area. ..we can guide you to a local true professional that cares and  loves helping people avoid

foreclosure as much as we do!

Just give me a call or email  to Fernando@Herboso.com

 

More about short sales in Maryland using the HAFA Program

 

* Depending in the state you live in. . in Maryland the lender will file a petition to the court for a deficiency judgment against the homeowner.

 

 

Short Sales Maryland , DC and Virginia

 

 

 


 

 

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Rainmaker
3,187,661
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

We have our fingers crossed that this works according to plan...

Apr 06, 2010 10:21 PM #1
Rainmaker
222,607
Scott Baker
www.eHomeReports.com Coldwell Banker West Shell - Liberty Township, OH
Realtor Homes for Sale in Cincinnati, West Chester, Mason, OH Area

This post really explains the HAFA prgram very simply so it is easily understood. Good post.

Thank you

Apr 06, 2010 10:36 PM #2
Rainmaker
1,817,491
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

I'm sharing HAFA with a class of 70 tommorrow , I'll encourage them to read your post !

Apr 07, 2010 04:53 AM #3
Anonymous
rogger.bank

sangambayard-c-m-com

Apr 07, 2010 05:31 AM #4
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301-246-0001 Serving Maryland, DC and Northern VA
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