Real Estate Broker for RealtyWrks.com Located in Temecula Calif. 92590 Short Sale Specialist www.aShortSale.com Free help for the D.O.D HAP program & US Treasury Dept HAFA program
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Hi again. We are Derick and Andrea of the Capstone team. We are the finest Bay Area short sale realtors. We would like to talk with you today about the HAFA program. HAFA stands for Home Affordable Foreclosure Alternatives. It is a fairly new program backed by the gov’t.
In the past, homeowners had to sign notes holding them accountable for additional debt in order to close their short sale. This program assures homeowners that with your first and even your second mortgage you will not be legally responsible for the deficiency. When you complete your short sale you can walk away with a clean start.
There are a number of criteria that a homeowner must meet in order to take advantage of HAFA. The homeowners must still be living in the property and have a deficiency. Also, you have to owe less than $729,950 with your first and second mortgage. You must have obtained the loan prior to January 1st, 2009. And most importantly, your payment has to go over 31% of your gross income. Understand that you are still subject to bank approval.
We are finding that people are qualifying more easily for the HAFA program now. We will speak about the procedure that you can go through in another video shortly. Furthermore, finally, you can get up to $3000 in relocation costs.
To find out more about utilizing the HAFA Program for your Bay Area short sale, please make contact with us today. We can be reached through our website at Capstoneteam.com or by phone 1-888-636-2444, ext. 55555. Either way, please get in touch with us concerning your Bay Area short sale. Acting sooner rather than later can make all of the difference. We can help you work through the complex short sale process with your Bay Area property. Thanks for watching us today!
Get more help from short sale Realtors, Derick and Andrea, at The Capstone Team presented by the Short Sale Specialists of the Bay Area