The Secret is Out!

Short Sale help is coming soon! Short Sales can make any one's head spin. A number of buyers and Realtors avoid them, how can you blame them?

Who wants to wait 3 months for a lender to respond to an offer? As of April 2010 change is coming...and for the better for all parties involved.

Under the HAFA program (Home Affordable Foreclosure Alternatives) is designed to entice servicers to accept a sale on defaulted properties for less than the mortgage balance. The Treasury is offering incentive payments of 1,000.00 per completed Short Sale. Servicers will receive $1,000.00 for each deed of lieu of foreclosure. Under the terms of the program, once a servicer determines a homeowner does not qualify for a modification, the servicer has a 10 day window in which the borrower must be considered for the HAFA program. The guidelines also include 1,500 for relocation expenses for the borrower.

The goal of this program is to help all parties involved and avoid Foreclosure (which is impacting home values drastically). If you are a distressed seller work with a Short Sale Specialist in your market area of Vancouver WA, Camas WA, or Washougal WA that has your best interest at heart and make sure that their services are completely FREE or you are working with the wrong person! The worst thing you can do is not seek help and give up...the alternative, Foreclosure has many financial and credit set backs that will impact your life for a long time.