by Leila Mortaz | Apr 29, 2013 | Home Buyer Tips, Home Seller Tips, REOs, Short Sale Expert Advice
Writing a Short Sale Hardship letter poses an interesting challenge for most homeowners since they are not sure what information they must include in this letter. We will provide you some general guidelines on the essential and critical information that MUST be...
by Leila Mortaz | Apr 29, 2013 | Short Sale Expert Advice
Although majority of large lenders are participating in the HAFA Short Sale program, some do not. One way to find out is through Housing and Urban Development Home Owners Assistance program.HAFA (Home Affordable Foreclosure Alternative) was instituted to facilitate...
by Leila Mortaz | Apr 28, 2013 | Home Seller Tips, Short Sale Expert Advice, Short Sales
There are so many benefits to doing a short sale compared to a foreclosed on. For starters, when you go through a successful short sale; there is minimal impact on your credit specially since you had no late payments on reported to the credit agencies. In fact, if...
by Leila Mortaz | Apr 28, 2013 | Home Buyer Tips, Home Seller Tips, Short Sale Expert Advice, Short Sales
HAFA (Home Affordable Foreclosure Alternative) was instituted to ease the settlement of Short Sale transactions between lenders and underwater Home owners. The beauty of the HAFA Short Sale is that it offers the home owners a fresh start since they can ditch their...
by Leila Mortaz | Apr 28, 2013 | Home Seller Tips, Real Estate (Residential), Short Sale Expert Advice
We have previously covered the eligibility requirements for a HAFA (Home Affordability Foreclosure Assistance) program in detail, but suffice to say that if the balance of your 1st loan is more than $729,750 then you will NOT qualify for a HAFA Short Sale. But...
by Leila Mortaz | Apr 28, 2013 | Home Seller Tips, REOs, Short Sale Expert Advice, Short Sales
Despite the recovery news on the housing, 1 out of 4 homes are still under water which means the home owners owe MORE money than their house is worth in today’s market. So, if you have concluded that Short Sale is a better alternative to Foreclosure...
