Click for Additional Information: What is a Short Sale? Why do Banks Reject a Short Sale? Short Sale Q&A

There are 1000’s of homeowners who need to sell and owe more than their home is worth. Are you one of those 1000’s? Are you at wits end and wondering what your options are in dealing with your lender? You’re not alone!!! You do have options; you can stop the calls and escape from under this tragic situation. Through a process called a Real Estate Short Sale, we can help. I am sure, as many of us have, short sales are complicated, time consuming and are unsuccessful.

Short Sales are time consuming and they can be complicated. They have however, become more and more successful over the last couple of years. Lenders are quicker with response time and much more organized to deal with the overwhelming number of homeowners in the same situation you maybe in.

Are you aware of or heard about the HAFA (Home Affordable Foreclosure Alternatives Program)? If you are having or foresee having trouble making your mortgage payment, you might be eligible for a short sale through the HAFA program. The benefit of HAFA short sale is that you are no longer responsible for the difference of what you owe and what you sell your home for. You could also receive $3,000 in relocation assistance with a successful close of your short sale.

In order to apply for the HAFA program you need to meet the bellow requirements:
You live in the home or have lived there in the last 12 months
You have documented financial hardship.
You have not purchased a new house within the last 12 months.
Your first mortgage is less than $729,750.
You obtained your mortgage on or before January 1, 2009.
You must not have been convicted within the last 10 years of felony larceny, theft, fraud or forgery, money laundering or tax evasion, in connection with a mortgage or real estate transaction.
*Eligibility criteria are for guidance only.