How a HAFA Short Sale Can Benefit YOU!
Hello Hampton Roads,
A HAFA Short Sale is a government assisted short sale that is more streamlined, easier, and faster to process than a regular short sale. HAFA offers a faster timeline than a traditional short sale and provides monetary incentives to distressed homeowners, servicers and subordinate lien holders to make the process mutually beneficial to all parties.
Here are some of the highlights:
Over 80% of primary residences in distress are eligible for HAFA short sales. If you or someone you know is considering a short sale or other foreclosure option, feel free to contact me! If I list your home as short sale, my services to the homeowner are FREE. Visit http://www.NewStartTransitions.com and fill out the contact form for a confidential, no obligation consultation.
I look forward to the opportunity to be of service!
Thanks for reading,
________________________
Serving your Hampton Roads and Virginia Beach Real Estate needs.
A HAFA Short Sale is a government assisted short sale that is more streamlined, easier, and faster to process than a regular short sale. HAFA offers a faster timeline than a traditional short sale and provides monetary incentives to distressed homeowners, servicers and subordinate lien holders to make the process mutually beneficial to all parties.
Here are some of the highlights:
- A pre-approved selling price or acceptable sales proceeds amount
- A minimum of 120 days to market the property-maximum 360 days and the foreclosure process is stopped during this time!
- A 10 day time frame to respond to offers to purchase the home
- Debt is eliminated--there is NO deficiency judgment
- A homeowner may not even have to claim the forgiven debt as income per the Mortgage Forgiveness Debt Relief Act of 2007 (H.R. 3648)--but HURRY as this expires in Dec. 31, 2012!
- No promissory notes or cash is required to close from the homeowner
- $3000 in relocation assistance to the homeowner
- $2200 to the servicer for a successfully closed short sale
- Up to an aggregate total of $6K to subordinate lien holders to release their liens
Over 80% of primary residences in distress are eligible for HAFA short sales. If you or someone you know is considering a short sale or other foreclosure option, feel free to contact me! If I list your home as short sale, my services to the homeowner are FREE. Visit http://www.NewStartTransitions.com and fill out the contact form for a confidential, no obligation consultation.
I look forward to the opportunity to be of service!
Thanks for reading,
________________________
Serving your Hampton Roads and Virginia Beach Real Estate needs.
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