Short Sale Buyers:
Short Sale Sellers:
Facing foreclosure? Not making your payments? ...We can help!
A program known as HAFA Program has recently taken effect. This is a Federal program designed to encourage distressed borrowers to release their homes through a process known as "short sale." Real Estate sold under the short sale process is sold for the less than the balance of the mortgage. That means you can sale your home for less than you owe. The Federal program requires lenders to forgive the difference between the balance of the mortgage and the market price of the property.
Under the new program, the servicing bank, as with all modifications, will get $1,000. Another $1,000 can go toward a second loan, if there is one. And for the first time the borrower will get $1,500 in "relocation assistance."
The borrowers have a likelihood of suffering less damage to credit ratings. And as part of the transaction, they will get the lender's assurance that they will not later be sued for an unpaid mortgage balance.
Contact us today to discuss all of your options.
IMPORTANT NOTICE:
@ Home Realty is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit rating.
