Certified HAFA Agents
HAFA (Home Affordable Foreclosure Alternatives) is a government sponsored program that provides financial incentives to borrower, servicers, and investors who utilize a foreclosure alternative (short sale or deed -in-lieu) instead of a foreclosure sale to transfer ownership of real property.
The benefits to the program depend on your personal situation, but can reduce the need for expensive foreclosure proceedings for the investor and the potential harmful effects a foreclosure would have on the borrower.
The pre-foreclosure options typically help maintain the condition of the property and therefore, the preservation and value of the property by reducing the time a property could be vacant and subject to vandalism and deterioration though lack of maintenance.
Finally, pre-foreclosure options generally provide a substantially better outcome for investors and communities through lower loss severities for the investors and fewer vacant properties for communities.
Here are some things you will want to know about Short Sales , Foreclosure Prevention Resources, Alternatives to Foreclosures , Avoiding Foreclosure Scams, and the Making Home Affordable Program.
For up to the minute information about the HAFA program click here. or see HAFA. To find a certified real estate agent to discuss this programclick here.
Certified HAFA Agents in the Central Valley of California