Tag Archives for Short Sales

Article From HouseLogic.com By: Gwen Moran Published: July 08, 2010 A short sale is far from hassle-free, but it’s a better alternative than foreclosure. And now you’ve got a little help from your friends in D.C. Here are the facts about short sales and how to get started. Facing foreclosure and tempted to stay in […]

A short sale is when a home is sold for less than the amount owed on the mortgage for the home. This occurs when the bank agrees to take less than the full amount due on the mortgage. A seller does not have to be behind on a home loan to seek a short sale. […]

On April 5th, eligible buyers will be able to benefit from a new government program– Home Affordable Foreclosure Alternatives (HAFA)– which aims to speed up and standardize the short sale process by providing financial incentives to lenders to do more short sales. The program will also make it easier for buyers to negotiate a distressed-property […]

Warning: Confusing Acronyms Approaching Immediately. HAFA = Home Affordable Foreclosure Alternatives HAMP = Home Affordable Modification Program. On April 5, 2010, the U.S. government will implement a new program to help homeowners who qualify avoid foreclosure. Part of the Home Affordable Modification Program, HAFA helps homeowners who are unable to retain their home under HAMP […]