by Leila Mortaz | May 1, 2013 | Home Seller Tips, Short Sale Expert Advice, Short Sales
To qualify for a Short Sale by a lender, you will need to document Financial Hardship to your lender. But before you start any Short Sale process, you should contact the US Department of Housing and Urban Development (HUD) which has Homeowner Assistance Program. In...
by Leila Mortaz | Apr 30, 2013 | Short Sale Expert Advice
Well, the verdict is in! Banks now NET more money on Short Sales than they do if they file foreclosures proceedings against a Home Owner. In 2012, Wells Fargo closed more than 77,000 Short Sales in contrast to about 27,000 Bank Owned (REO) Sales which is huge shift...
by Leila Mortaz | Apr 30, 2013 | Home Seller Tips, Short Sale Expert Advice, Short Sales
HAFA Short Sales have been revised to offer Home owners more relocation funds and more properties types now are qualified. But before you start any Short Sale process, you should contact the US Department of Housing and Urban Development (HUD) and talk to a...
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...
