$3,000 Cash Back!
The Home Affordable Foreclosure Alternatives Program took effect April 5, 2010, and has since undergone quite a few changes. If you were denied for the HAFA Program in the past, I encourage you to read below as some of the guidelines have been altered. In the beginning, HAFA was nearly impossible to qualify for, but since the qualifications have become much more liberal we are seeing more borrowers qualify.
HAFA:
- Applies to 1st lien holders.
- Does not apply to FHA or VA loans.
- Offer incentives to borrowers, servicers, and investors.
- Borrowers can receive $3,000 in cash to help with relocation.
- Limits the amount of time lenders are allowed to respond to an offer.
- Requires lenders to forfeit their right to seek a judgment on the deficiency.
- Allows borrowers to receive pre-approved short sale terms before the home is even listed.
Qualifications for HAFA:
- The loan must be the first mortgage.
- The loan must have originated before January 1, 2009.
- The borrower is not longer required to be in default.
- The unpaid balance must be less than or equal to $729,750.
- This can be exceeded in some cases for two- to four-unit properties.
- The home must be, or recently was, the borrower’s primary residence.
Contact us today or fill out the form below for more information on HAFA.
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www.Short-Sale-Specialists.com
877-737-4903
Are you looking for a Pittsburgh PA short sale Realtor? Look no further! Our stop Pennsylvania foreclosure specialists provide FREE short sale expert services to Pittsburgh homeowners in hardship. Call today for short sale information on the Pittsburgh short sale process and to see if you qualify for a short sale! Need a Pittsburgh PA Distressed Property Expert in short sales to offer free Chase short sale services? Our Pittsburgh area Distressed Property Expert real estate agents are here to help, and are Certified or training in the Pennsylvania Home Affordable Foreclosure Alternatives, or HAFA Government short sale program.
Copyright First Coast Realty Associates 2011
Our organization does not directly offer short sale or foreclosure rescue services in the state of Pennsylvania.
