This home in Kelly Plantation, Destin Florida has been approved as a Bank of America HAFA short sale. What is HAFA? It's the U.S. Treasury's “Home Affordable Foreclosure Alternatives Program”. Kelly Plantation, Destin Florida short sale sellers might also be eligible for HAFA and Bank of America cash incentive paid to them at closing of several thousand dollars.
ARE YOU ELIGIBLE?
You might be eligible for HAFA if your lender, like Bank of America, participates in the Home Affordable Modification Program (HAMP), and your mortgage is not underwritten by Fannie Mae or Freddie Mac. (Fannie Mae HAFA and Freddie Mac HAFA have separate guidelines.) HAMP offers you the opportunity for assistance by lowering your payments or delaying payments to keep you in your home. You must meet the HAMP requirements as follows, to be part of HAFA, whether or not you choose a modification. These qualifications are:
1) You have missed payments or are about to default
2) You got your primary mortgage before Jan. 1, 2009
3) You are a natural person (not a corporation, partnership, LLC etc)
4) Your mortgage is for a one- to four- unit residential property.
5) Your property has not been condemned.
6) Your current unpaid principal balance is less than or equal to $729,750 for a one-unit property
7) You must not have been convicted within the last 10 years of felony larceny, theft, fraud or forgery, money laundering or tax evasion, in connection with a mortgage or real estate transaction.
Wendy Rulnick, Broker, is a short sale and pre-foreclosure specialist and has been featured in "Kiplinger Personal Finance Magazine" and "Florida Realtor Magazine". She has successfully helped hundreds of families avoid foreclosure through short sale along the Emerald Coast of Florida. Wendy Rulnick is knowledgeable in all aspects of short sale, including VA Compromise Sale, FHA HUD pre-foreclosure sale, HAP military PCS, HAFA, Bank of America Coop program and more. She is also co-founder of www.ShortSaleSuperstars.com and short sale instructor to agents across the United States. Wendy Rulnick sells real estate inDestin, Santa Rosa Beach, Fort Walton Beach, Niceville, Bluewater Bay, Navarre, Seagrove Beach, Watercolor, Sandestin, Seaside, Crestview, Rosemary Beach, Mary Esther, Shalimar, Panama City Beach, Eglin AFB, Hurlburt Field.