Something I see everyday in real estate are agents that do 1 or 2 deals a year. While don't get me wrong, I FULLY appreciate that they are trying to make some extra cash for the family, but is it in
Apr 10 2015 11264 1
Dated: April 10 2015
YES ITS TRUE! $10,000 if you need to do a short sale and have a Fannie Mae loan!!! Call me TODAY if you feel your only option is short sale, it may make you $10,000 to leave your home! 480-275-9566 for a NO obligation consultation.
Home Affordable Foreclosure Alternatives (HAFA) Program
If you can't afford your mortgage payment and it's time for you to transition to more affordable housing, the Home Affordable Foreclosure Alternatives® (HAFA) program is designed for you. HAFA provides two options for transitioning out of your mortgage: a short sale or a Deed-in-Lieu (DIL) of foreclosure. In a short sale, the mortgage company lets you sell your house for an amount that falls "short" of the amount you still owe. In a DIL, the mortgage company lets you give the title back, transferring ownership back to them.
In either case, HAFA offers benefits that make the transition as favorable as possible:
You can get free advice from HUD-approved housing counselors and licensed real estate professionals.
Unlike conventional short sales, a HAFA short sale completely releases you from your mortgage debt after selling the property. This means you will no longer be responsible for the amount that falls "short" of the amount you still owe. The deficiency is guaranteed to be waived by the servicer.
In a HAFA short sale, your mortgage company works with you to determine an acceptable sale price.
HAFA has a less negative effect on your credit score than foreclosure or conventional short sales.
When you close, HAFA may provide $10,000 in relocation assistance.
Home Affordable Foreclosure Alternatives (HAFA) Program The Making Home Affordable ® Program (MHA) ® is an important part of the Obama Administration's comprehensive plan to stabilize the U.S. housing market by helping homeowners get mortgage relief... MAKINGHOMEAFFORDABLE.GOV
Latest Blog Posts
Wow can you believe 2018 is quickly coming to an end? The real estate market has been interesting this year in the East Valley. March thru July was insane with multiple offers, prices going up, and