Sellers sold their home and no longer have to pay an overwhelming mortage payment and new buyers got a great buy on a home. But wait, it gets better. The sellers were paid $3000.00 to sell their home thanks to the government program called HAFA. At closing, the sellers not only were relieved of the financial obligation on their mortage but walked out with $3000.00 in their pocket.
Although getting a homeowner qualified for a HAFA short sale takes extra time and energy from the real estate agent, we at Memphis Short Sale Team believe it is worth the extra effort. To know that we were able to save a homeowner from foreclosure and get them paid to do so encourages us to continue on trying to find other Memphis homeowners who need our help.
With more homeowners facing difficulties in keeping with the mortgage payment and loan modifiications not working out for many homeowners, a short sale should be the next best option. Yet so many homeowners still are not familiar with a short sale. The challenge in Memphis is getting the word out that homeowners do have options.
One option is applying for a HAFA short sale – Home Affordable Foreclosure Alternative. All of our potential short sale clients apply for a HAFA short sale. This creates a lot more work for us as real estate agents but it is in the best interest of our clients. I have noticed very few agents take this extra step for their clients. These are the reasons why every homeowner should apply for a HAFA short sale if trying the short sale route:
Earn up to $3000 for relocation expenses
Freeze on foreclosure for 120 days
Release from deficiency
End your mortgage committment on your terms.
A HAFA short sale can be just what you need.