Well, according to the new HAFA program rolled out earlier this week, homeowners who short sale their home can receive a "moving allowance" check of $3,000!
The new Housing Affordable Foreclosure Avoidance program, named HAFA, is here to hopefully make life for homeowners in distress a little more comfortable. Personally, my first complaint is the acronym. Seriously, couldn't they think of a name for the program without having to put the words out of order? But it's government people, let's be patient with them. Their amazing foresight had a lot to do with why we are in this mess to begin with. But that's another topic altogether...
So yes, it is true, under the HAFA program, homeowners in distress are eligible for the following perks:
•ü Avoid Foreclosure
•ü If you are already in the foreclosure process, the foreclosure can be SUSPENDED
•ü Stay in your home throughout the entire sales process
•ü Save Your Credit
•ü Get FULL release from your lender (no deficiency judgment)- your mortgage debt is GONE!
•ü The bank pays for EVERYTHING, even Realtor fees.
•ü The whole process is FREE to you
•ü AND you get paid $3000!
Let's face it- foreclosures are devastating for everyone. They destroy the homeowner's credit, the bank loses more money every month the property is in default and property values in the neighborhood suffer.
Well, the government finally DID something! This program allows you to sell your home at current market value and upon the sale, you walk away without the worry of an over-bearing mortgage anymore AND the bank pays you $3000 to cooperate in the sale. There is no money required from you to participate in this program.
The program is referred to as HAFA or Housing Affordable Foreclosure Alternative. So how do I know about HAFA? I am a Certified Distressed Property Expert with RE/MAX- the number one seller of real estate IN THE WORLD! Many agents are unaware of the many changes going on with short sales and how those changes affect you.
As a dedicated Realtor and Associate Broker, I spend many hours in training every week to stay up-to-date on the ever-changing world of short sales. I am taking it upon myself to make sure that you are aware of this new law and how IT WILL BENEFIT YOU!
The banks are motivated to do this because, believe it or not, it is cheaper for them to sell NOW, then wait until it is foreclosed on and THEN try to sell it. The banks will pay all of the Realtor fees, all closing costs on your behalf, and will forgive the difference between the balance owed and what they actually get from the sale of the home.
The short sale process is very easy for you, as a seller, but to ensure that everything is done professionally, YOU MUST USE A CERTIFIED SPECIALIST! The biggest reason short sales fail, is because agents do not know what they are doing. I have successfully negotiated short sales in this area and I want to help YOU!
I am sure that your schedule is busy, so I would like only a few minutes of your time to meet in person and help you to get clarity and peace of mind. Please call or email me at your earliest opportunity. Time may be running out, so don't wait!
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