The new HAFA Government program that helps sellers with Short Sales!
HAFA, (Home Affordable Foreclosure Alternatives Program) is a government backed program that assists sellers and lenders alike during the Short Sale process. HAFA has certain guidelines that sellers must qualify under and also tells the lenders how to run the program within the governments time table. BofA and Wells Fargo have already agreed to using this program and I have already started 3 new files with both banks under this program. So far, things have been moving a little faster than a normal Short Sale so I think this may be a good sign! Listed below are some of the benefits to this program:
1) $3,000.00 at close of escrow to move out of your current home once the transaction is complete.
2) No promissory notes or additional attempts to get more money out of you in the future once the transaction is complete.
Certain guidelines and requirements must be met in order to be approved for the process. You mus have a valid hardship and state why you cannot afford your home. It must be a primary residence and not an investment property.
For more information on this new program, please contact me anytime at: 702-768-2552 Direct or you can visit: www.lvrealty4sale.com
Here is a link to the benefits and an overview of the program:
http://www.realtor.org/government_affairs/short_sales_hafa