Benicia CA Real Estate, Vallejo CA Real Estate

HAFA Short Sales in Benicia

HAFA Short Sales in Benicia are being approved. Short Sales in general are being approved, despite what the news is saying. I believe the reason is that most Realtors do not have any experience with short sales. This type of real estate transaction is not for the faint of heart and consequently go down hill quickly.

HAFA (Homes Affordable Foreclosure Alternatives) is a govermnent program that lenders had to opt into last year and will be done on December 30, 2012. This allows for a foreclosure to be stopped and possible relocation money up to $3,000 to a borrower. That is it in a nutshell, but the truth is.... it is bigger than a "bread box".

This is where it is very important a borrower, who is under water on their mortgage, speak with their trusted, experienced Realtor, an attorney and a tax professional. You need to be informed and educated to the short sale process so you can make the best decision for you. An experienced Realtor will walk you through the process, explain the different types of short sales. An expereinced Realtor will have worked with the major banks and have proof that they have closed successful short sales.

A Realtor cannot accept any money in advance from a seller, cannot guarantee short sale approval, and if the transaction does not go through expect to be paid. Realtors are not affiliated with the government when negotiating on behalf of the borrower.

There are businesses out there who say they can get you money back, really? Run, don't walk to someone who does know short sales, particularly HAFA Short Sales and get a unbiased opinion.

HAFA Short Sales in Benicia are being approved!

Posted - 06/16/2011