Las Vegas, Nevada -- Effective February 1, 2015, homeowners who qualify for a HAFA short sale may receive up to $10,000 in relocation assistance. The first sentence of section 12.1 Chapter IV of the Making Home Affordable Program (MHA) handbook has been amended as follows: “Upon the successful closing of a short sale, a borrower, tenant or other non-borrower occupant who occupies the property as a principal residence and is required to vacate as a condition of the HAFA short sale shall be eligible to receive relocation assistance of $10,000 per HAFA transaction (regardless of the number of occupants who will vacate), subject to the requirements in Section 6.2.5."
This Supplemental Directive (14-04) increases the amount of relocation assistance to $10,000 for HAFA short sales that close on or after February 1, 2015. HAFA short sales that closed prior to February 1, 2015 were only eligible to receive $3000. There has never been a better time to do a short sale. If you are interested in applying for a HAFA short sale, please contact The Myers Team with Simply Vegas Real Estate.
Since 2007, The Myers Team has closed more short sale transactions than any other non-lawyer affiliated Real Estate Agent or Broker in the state of Nevada. For specifics regarding the HAFA program or Making Home Affordable Program Guidelines, please refer to the following links:
For Short Sale Information, visit: http://www.NevadaShortSaleInfo.com
For Traditional Sales, visit: http://www.LasVegasList4Less.com
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