HAFA – Home Affordable Foreclosure Alternatives Program
HAFA, an acronym for Home Affordable Foreclosure Alternatives sets some wonderful goals set to begin on April 5th, 2010. It is one of the most important updates to the short sale process mandated by the Federal Governement thus far. To summarize from the Fannie Mae administered website: HAFA simplifies and streamlines the short sale and DIL [Deed in Lieu] process by providing a standard process flow, minimum performance time frames and standard documentation. The entire document can be read here. Some of the important points to consider if you need a short sale and think that this program may help you: A loan must ...
What is a Short Sale
There are a lot of complicated definitions of what a short sale is so let me try to give you one that is easy to understand instead. A short sale occurs when a lender or lenders agree to allow a home to sell even though the proceeds of that sale are not enough to pay off the loan. Typically, the lender, which could be a first mortgage, a second mortgage or a HELOC (Home Equity Line of Credit) will also agree to pay additional costs such as attorney fees, commissions and sometimes even repairs for a new buyer on top of taking ...
Atlanta Short Sales
Welcome! My name is Ryan Ward. I am the Principal agent with Premier Atlanta Real Estate, LLC and this is our website and blog that is dedicated to helping sellers who have reached a point in their lives that may force upon them the difficult financial decisions which may including leaving their home. There is hope and there are options. I am an expert who is experienced and I am a trained Certified Distressed Property Expert. For some of you, we may be able to help you stay in your home, for others we can at least help to keep your home out of foreclosure and perhaps prevent ...
Atlanta Short Sales
Recent Blog Posts About Short Sales & Foreclosures
Atlanta and National Foreclosure Statistics
The fourth quarter of 2009 offered more of the same with homeowners in foreclosure or at least in default with at least a 30+ day late. There are options if you are one of these people so don’t hesitate to call us. We promise to hold your information in the strictest of confidence and will not disclose any personal information. A short sale may be an option and so is a loan modification to help... [Read more of this post]
HAFA – Home Affordable Foreclosure Alternatives Program
HAFA, an acronym for Home Affordable Foreclosure Alternatives sets some wonderful goals set to begin on April 5th, 2010. It is one of the most important updates to the short sale process mandated by the Federal Governement thus far. To summarize from the Fannie Mae administered website: HAFA simplifies and streamlines the short sale and DIL [Deed in Lieu] process by providing a standard process flow,... [Read more of this post]
What is a Short Sale
There are a lot of complicated definitions of what a short sale is so let me try to give you one that is easy to understand instead. A short sale occurs when a lender or lenders agree to allow a home to sell even though the proceeds of that sale are not enough to pay off the loan. Typically, the lender, which could be a first mortgage, a second mortgage or a HELOC (Home Equity Line of Credit) will... [Read more of this post]

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