SHORT SALES WITH HAFA: THE PROGRAM WILL DENY YOUR APPLICATION IF YOU. . .

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

 

SHORT SALES WITH HAFA:  THE PROGRAM WILL DENY YOUR APPLICATION IF YOU. . .

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

short sales maryland Home Affordable Foreclosure Alternative

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.

HAFA Program Denials . .
AVOID THIS AT ALL COSTS . .

The Home Affordable Foreclosure Alternatives (HAFA) Program was designed for people that request to be included in this program and qualify .

HAFA is definitely a great option when you have exhausted all you options even after a loan modification attempt.

If you get accepted into this program, you must follow strict guidelines that must be follow & still be eligible.

FOUR CAUSES OF TERMINATION FOR YOUR HAFA APPLICATION:

  1. If the borrowers financial situation improves. . .it must be reported to your lender.
  2. Borrower fails to market the property with the services of a Realtor.. . or PREVENT THE SALE 
  3. If there is a significant change in value of the subject property
  4. Misrepresentation or fraud 


With HAFA, the homeowner is also entitled to a $3,000 relocation costs 

HAFA is for you when you simply can not afford your house anymore and a foreclosure is eminent

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

 

 



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.

Fernando Herboso is a Certified Distressed Property Expert

 

Short Sales Maryland
and also 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 us a call or email to Fernando@Herboso.com


 

Short Sales Maryland , DC and Virginia

 

 

 


 


 

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Ambassador
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Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

"Afford" is a fungible word.  I'm not sure what it means any more.

What is not "affordable" to a borrowers may not be so to a lender. 

Apr 09, 2010 11:57 PM #1
Rainer
86,058
Vickie Osoria
Keller Williams Realty - Leland, NC

Good information.  Thanks for sharing.

Apr 10, 2010 12:00 AM #2
Rainmaker
1,817,286
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

You are doing an amazing job taking us thru the learning curve !!!!!!

Apr 10, 2010 01:52 AM #3
Rainmaker
1,013,521
Rob Arnold
Sand Dollar Realty Group, Inc. - Altamonte Springs, FL
Metro Orlando Full Service - Investor Friendly & F

I just wonder how many lenders are actually going to follow through with this.  Seems like they snubbed their noses at the mortgage modification programs repeatedly.  I'm betting they do the same thing on a lot of these short sales.

Apr 12, 2010 08:52 AM #4
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Fernando Herboso - Broker for Maxus Realty Group

301-246-0001 Serving Maryland, DC and Northern VA
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