SHORT SALES WITH HAFA: PARTICIPATING LENDERS

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

 

SHORT SALES WITH HAFA:  PARTICIPATING LENDERS

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

 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.

Participating Lenders that have already agree. .
This is a partial list, please call me for the latest list since this is a new program. . most major banks are embracing HAFA

  • Aurora Loan Services, LLC
  • Bank of America, NA
  • Chase Home Finance, LLC
  • CitiMortgage, Inc
  • Countrywide Home Loans Servicing, LP
  • EMC Mortgage Corporation
  • GMAC Mortgage LLC
  • Green Tree Servicing LLC
  • HomeEq Servicing
  • Horizon Bank
  • J.P.Morgan Chase Bank, NA
  • Litton Loan Servicing
  • Navy Federal Credit Union
  • Ocwen Financial Corporation, Inc.
  • OneWest Bank
  • PNC Bank, National Association
  • Saxon Mortgage Services
  • The Golden 1 Credit Union
  • US Bank, National Association
  • Wachovia Mortgage, FSB
  • Wachovia Bank, NA
  • Wells Fargo Bank

 

Read her to find out if you qualify under the HAFA program

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

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*

 

 

 

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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Topic:
Real Estate General Information
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Maryland Frederick County
Groups:
Realtors®
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Short Sale REALTORS®
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Tags:
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Rainmaker
4,432,093
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I am going to bookmark this post.Thank you for sharing.Good luck.

Apr 10, 2010 12:07 AM #1
Ambassador
1,966,005
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

Fernando, thanks for the update!  Hopefully, the new HAFA program will be beneficial to short sellers.

Apr 10, 2010 12:12 AM #2
Rainer
29,819
Loren Keim
Century 21 Keim - Allentown, PA

Great information.

Apr 10, 2010 12:17 AM #3
Rainmaker
4,796,627
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Great post Fernando.  There's a lot of hype and expectations with this program.  Let's hope for the best

Apr 10, 2010 12:34 AM #4
Rainmaker
1,822,677
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Thanks for this list !!!!! I'm still trying to figure out how GOVERNMENT OWNED Fannie & Freddie have opted out ??????!!!!!!!! Somebody should lose their cushy gov. job !!!!!!!!!!!!!!!!!!!!!!!

Apr 10, 2010 01:47 AM #5
Rainer
28,982
Laurel Starks
Divorce Real Estate Institute, LLC - Rancho Cucamonga, CA
Divorce Real Estate Expert

Thanks for the post.  I have found out this week that it is up to the investor to participate.  So just because someone has WF or BoA as their servicer, they still may have a loan with an investor that does not participate. 

Apr 10, 2010 02:56 AM #6
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Fernando Herboso - Broker for Maxus Realty Group

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