Short Sale/HAFA Program
I am a certified HAFA (Home Affordable Foreclosure Alternative) Specialist. If your loan servicer has contacted you about this program, please call me for more information. You must respond to your lender within the required time period in order to participate in this program. This program will eliminate your debt, forgive all liability for repayment of both 1st and 2nd liens, allow you to buy again in 2 years, and pay you up to $3,000 at completion of the HAFA short sale.
What is a short sale? It's a process that allows a homeowner to get a discount on their home mortgage allowing it to sell at today's deflated values without owing the difference to their bank.
Why Was This Assistance Started? In today's unsettled economic climate, many financial institutions are facing an increasing number of delinquencies among homeowners, creating an unprecedented number of foreclosures. The banking industry's belief is that many of these costly foreclosure actions could be avoided (to the benefit of the homeowner as well as the banking industry) by an increased awareness and usage of foreclosure prevention alternatives such as the "Short Sale Assistance" program.
How Does It Benefit Financial Institutions by Offering Short Sales? Consider the costs associated with the foreclosure process (Attorney fees, property preservation costs, delinquent payments, the eviction process, re-possession of the property, selling the property once foreclosed, etc). Most foreclosures result in losses for everyone involved - the homeowner, the financial institution, the investor, and the mortgage insurance company. By providing an alternative to foreclosure, the short sale program benefits both the bank and the homeowner. Homeowners experiencing hardship can be spared the painful ordeal of foreclosure. Banks save money each time a short sale is completed because of the reduced costs involved when compared to the costly foreclosure process.
What Can A Short Sale Do For You?
- Preserve Your Credit (Your credit may take a "hit", but not as bad as a foreclosure or bankruptcy)
- Allow you to sell your home with no out-of-pocket expense
- Eliminate negative cash flow
- May reduce tax liability
- Avoid potential foreclosure
- Release of Mortgage Obligation
- Avoid possible bankruptcy
- Relieves financial/emotional stress
Negotiating a short sale agreement is becoming more complicated than ever. These transactions are technical, time consuming, and require extensive financial documentation.
If you think that you could benefit from from this help, please contact me immediately. I can help you preserve your dignity and self-respect!
DO NOT WAIT UNTIL YOU RECEIVE A NOTICE OF DEFAULT! Time is of the essence in negotiating a short sale. We must begin early!
I have successfully represented both sellers and buyers through this short sale process and would be happy to help you as well. I will to send or email you a short sale information package today. CALL OR EMAIL ME NOW!
530-651-1544 or 1-877-399-2900, ext. 1544
Email: susan.mcvicar@c21selectgroup.com
