You might feel like you’re facing a hopeless situation, but there is help available! It is important that you educate yourself on ALL your pre-foreclosure rights and options. Please know you are not alone!
One of these options is the short sale
A short sale occurs when a property is sold and the lender agrees to accept a discounted payoff. You could be free of the financial burden of the loan and your lender may absorb the loss. If you think that a short sale might be the answer to your current home-ownership dilemma, you need a qualified short sale agent to assist you in navigating this often confusing and time consuming process.
That’s why I’m here—to help.
As a Five Star Short Sale Certified Professional, I am equipped with the tools, procedures, and systems to effectively facilitate a short sale between you and your lender. I am trained to streamline the process, and by working with me, you exponentially increase your chances of closing your short sale transaction.
By fulfilling the Five Star Institute Center for Short Sale Success’s training requirements, and mastering the certification exam, I have shown the industry that I’m ready to address its need for competent and capable short sale professionals.
Whether you’ve made a decision to move forward with a short sale, or you simply want more information, call me today for an open, honest discussion.
Long story SHORT
Most Americans—no matter what their personal financial situation may be—are feeling the strain of today’s volatile economic climate. If you are an underwater borrower who is facing catastrophic negative equity due to hardships that are out of your control, you need to be aware of the many alternatives to foreclosure that are available to you. Foreclosure can affect your credit score and can jeopardize everything from your ability to purchase another home, to obtaining future employment. Your property does NOT have to be your personal residence to attempt a short sale with your lender!
So, you’ve come up SHORT: Foreclosure is NOT the answer.
HAFA (a government initiative)—the long and SHORT of it all.
Through the federal government’s recent legislation under the Home Affordable Foreclosure Alternatives program (HAFA), there are incentives for both borrowers and lenders to close a short sale transaction.
Did you know that if your short sale qualifies and closes successfully, HAFA requires that you be fully released from future liability for the first mortgage debt, providing a safe haven from the devastating effects of foreclosure? HAFA can also provide you with $3,000 in relocation assistance!
A SHORT list of qualifications
Want to know if you qualify for HAFA? The following is a list of requirements:
•The property considered must be your principal residence.
•The unpaid principal must not exceed $729,750.
•You must be delinquent on payments or default must appear to be inevitable.
•Your loan must have originated prior to January 1, 2009.
•Your mortgage must not be owned or guaranteed by Fannie Mae or Freddie Mac.
•Your housing payment exceeds 31 percent of gross income.
To learn more about HAFA, visit www.makinghomeaffordable.gov/hafa.html.
Please understand that even if you don’t qualify for a HAFA shortsale, you can still qualify for a short sale. Call me today to discuss your unique situation.