Cape Coral, Fort Myers & Bonita Springs, Bank Short Sale Expert Advice written by Joe Kendall, Broker Associate with Sandals Realty. The HAFA stands for the Home Affordable Foreclosure Assistance Program it's importance to you the home owner is best described as am program of helping borrowers and a great alternative for you then loosing your home to foreclosure.
A short sale or deed-in-lieu is a very smart move for both the lender and the borrower because the home will maintain it's value better when occupied, and the borrower gets to reduce their debt load. If you were not able to get your loan modified, this may be the best option for you since a foreclosure or bankruptcy can affect your credit for 7-10 years
The results of a successful bank short sale only restricts you from getting a mortgage from Fannie Mae or Freddy Mac for within 3 years. This too helps you restore your credit report a lot quicker then a foreclosure.
The Banks will try and direct you to one of their bank owned property Realtors, but any Experienced Agent that has successfully closed several short sales is your best choice to help you with closing your bank short sale contract.
This is what one of my clients had to say about my services.
The Documents for the Affordable Foreclosure Assistance Program can be accessed by clicking here
Joe Kendall, Broker Associate
Right Choice Realty
Phone 239-560-0726
Email joek4realestate@aol.com
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