Short Sales that will guarantee you'll walk away DEBT FREE! Long Beach, CA. 90815
Residents of Long Beach, did you know that if you are facing foreclosure, there are some really great options out there that you have available to you???
If you are not eligible to retain your home under a loan modification process, specifically a HAMP (Home Affordable Modification Program), DO NOT STRESS! You still may qualify for a HAFA (Home Affordable Foreclosure Alternative) Short Sale or Deed-in-Lieu of foreclosure.
First lets address what a short sale is & a deed-in-lieu is:
A short sale usually occurs when a homeowner/borrower owes more on their property than it is actually worth in the present day market. In a short sale the seller who is facing potential foreclosure strikes a deal with their lender(s) to accept less than they owe on the property to avoid foreclosure.
A deed-in-lieu of foreclosure is where you deed your property (voluntarily transfer ownership) to the lender in exchange for being forgiving for the entire amount of the mortgage.
Now, you are probably wondering HOW you could benefit from the HAFA Program....
Here are just a few of the incentives upon successful completion of a HAFA short sale or deed-in-lieu transaction:
HAFA also provides incentives to the lenders so that they will cooperate with the borrowers and their Real Estate Professional.
Hiring a qualified Real Estate Professional is one of the requirements of HAFA due to the complexity, paperwork & strict time-lines involved with these types of transactions.
There are eligibility requirements and our team is prepared to help you with understanding what those requirements are.
The worst thing you could do if you are facing foreclosure is to do NOTHING. Ask questions, pursue your options & act quickly. Please to not hesisitate to call our office if you need to speak with Joe Sopo, our Certified HAFA Specialist.
IMPORTANT NOTICE: Joe Sopo of Keller Williams Realty is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit rating.