Finally we have some sane rules regarding shortsales that might actually help underwater homeowners....
These new HAFA Rules offer some significant benefits for owner occupied properties that might really help out a home owner in trouble:
- No seller required notes after the sell
- no more deficiency judgements after the sell (cleans the slate)
- $3,000 to pay for seller's relocation expenses
- Pre-approved pricing
- 10 day answers on shortsales..