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Castle Dream Real Estate is HAFA Certified to Help Homeowners Get a Pre-Approved Short Sale
Castle Dream Real Estate is HAFA Certified to Help Homeowners Get a Pre-Approved Short Sale
HAFA is a program primarily designed for homeowners who are unable to stay in their home even with a loan modification under the Home Affordable Modification Program (HAMP).
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02/12/2010
Brooksville, FLA - December 01, 2010 -- Lawrence Sanek Broker/Owner of Castle Dream Real Estate has become HAFA (Home Affordable Foreclosure Alternative) certified. Have you tried a loan modification using HAMP, if not contact us.
If you have tried a loan modification using HAMP and are not eligible, then you should contact us about using HAFA (Home Affordable Foreclosure Alternative) where:
1) Lender gives signed pre-approval for short sale signed by lender, seller and real estate agent.
2) Listing Agreement signed to allow showing the property.
3) No additional negotiating when you receive an offer.
4) Offer must be submitted to lender in 3 business days.
5) Lender must accept or decline the offer in 10 business days.
6) Closing must take place 45 calendar days minimum but could be longer.
HAFA is a program primarily designed for homeowners who are unable to stay in their home even with a loan modification under the Home Affordable Modification Program (HAMP). Under HAFA, homeowners may be able to avoid a foreclosure by selling the home as a “short sale” (where the value of the home is less than the remaining amount of the mortgage) or by transferring title to the lender through a process called a “deed-in-lieu of foreclosure.”
Allows borrowers to receive pre-approved short sales terms before listing the property (including the minimum acceptable net proceeds and acceptable closing costs).
Requires borrowers to be fully released from future liability for the first mortgage debt and, if the subordinate lien holders receive an incentive under HAFA, those debts as well (no cash contribution, promissory note, or deficiency judgment is allowed).
Complements HAMP by providing a viable alternative for borrowers (the current homeowners) who are HAMP eligible but nevertheless unable to keep their home.
Uses borrower financial and hardship information already collected under HAMP.
Castle Dream Real Estate looks to help homeowners with an alternative to foreclosure.
More information can be supplied by sending an email to misc@castledreamrealestate.com and putting HAFA in the subject line.
Contact :
Larry Sanek
Castle Dream Real Estate
Brooksville, FLA
352-540-0177
sanek@castledreamrealestate.com
http://www.castledreamrealestate.com
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