Short Sale Mission Statement

Our goal is to help Homeowners who are in a Financial Hardship, avoid Foreclosure through the Short Sale process and other Loss Mitigation options that are offered by the Lender(s).

We can help with your situation

We have represented many Home Owners facing a Foreclosure with a Short Sale. We have a tremendous success rate. If we don’t think that we can help you – we will tell you! No Empty promises here!

What is a Short Sale?

By definition it is a Lender accepting less than the full payoff. A common mistake Home Owners make is to assume that the Lender or Lenders would not accept a Partial Payoff. Or a Home owner might list the property for too high – resulting in no activity or offers. In addition, a Home Owner might list the property for under market value and assume that the Lender will take any offer. This can result in a big waste of time and effort for all parties involved. We suggest that you contact us for a Comprehensive Market Analysis.

HAFA? New government guidelines? What are they?

HAFA: Home Affordable Foreclosure Alternative Program. This is part of the Making Home Affordable Program this directive was officially rolled out April 5, 2010.  This program was designed to prevent foreclosure for those homeowners who either denied a HAMP modification or those who could not successfully complete the trial period for a loan modification.  **HAMP modification is not a necessary pre-requisite for this program.  Contact me for details. 

The HAFA Program streamlines the use of Short Sales and DeedIn-Lieu options by incorporating some unique features.

• Utilizes borrowers previous hardship and financial information that may have provided during a previous HAMP modification eliminating the need for duplication of paperwork.
• Allows the borrowers to receive pre-approved short sale terms prior to the property being listed for sale.
• Uses standard processes, documents and timeframes.
• Provides financial incentives to borrowers, servicers and investors-up to $3000 to the borrower at time of closing for relocation expenses!
• Requires that borrowers be released from future liability for the debt!

                                                        **Suplemental Directive 09-09 Revised--Making Home Affordable

For answers to some of your questions visit Making Home Affordable.  To find out if your lender is participating in this program or if you qualify for a HAFA Short Sale, please contact me for more information.

What is my Liability?

As always, we do recommend that a Homeowner consults with a CPA for Tax Implications, a real estate attorney, and any other Foreclosure consulting companies to help them understand the options and potential implications of a Short Sale, Foreclosure, Bankruptcy and Deed in lieu.