5.24.10 HAFA In 2009, the Treasury Department introduced the HAFA program to provide a viable option for homeowners who are unable to keep their homes through the existing Home Affordable Modification Program (HAMP). The HAFA program takes effect on April 5, 2010—although some servicers may implement it sooner, if they meet certain requirement--and sunsets on December 31, 2012.

5.24.10 HAMP:If you can no longer afford to make your monthly loan payments, you may qualify for a loan modification to make your monthly mortgage payment more affordable. Millions of borrowers who are current, but having difficulty making their payments and borrowers who have already missed one or more payments may be eligible.

What is a Short Sale

As a home owner you may be in the situation like many many thousands are where you owe more to your mortgage servicer than the home is currently worth.
A Short Sale is the process where your lender agrees to let you sell the home for less than is owed and then forgive the balance of the debt owed For example if your home is now worth $200,000 but you owe $250,000 in outstanding loans then normally the only way you could sell your home would be to pay back the difference in cash back to the lender when you close escrow as the proceeds from the sale would not cover the debt owed.
Obviously, if you do not have to sell your home, you could wait out the market and hope for a turnaround in real estate values. However, if you do have to sell your home you basically have three options. First, you can bring cash to the table. In the example above you would sell your home for $200,000 and pay another $50,000 to the lender out of your pocket to pay off the loan on your property. Second, you could let the home go into foreclosure. The lender will go through the foreclosure process, force you out of your home and then auction it off to the highest bidder at a foreclosure or Trustee's auction. The third option is to pursue a short sale
This transaction is called a Short Sale. This page offers information about the basics of short sales and we strongly recommend you contact one of our trained Short Sale Professionals to assist you through this complicated process. Remeber we are here to help with a Hemet Short Sale, San Jacinto Short Sale, Yucaipa Short Sale or a Short Sale in any Inland Empire City?.

How can you avoid foreclosure? Well with our help we can negotiate with your lender or lenders to allow enough time to sell your home prior to it being foreclosed. Our team will market your home at a price agreeable to your lender as a Short Sale. Through our proven marketing system we will endeavor to sell it in the shortest time possible to avoid the risk of foreclosure.
We do all this at no cost to you. You should avoid anyone who tries to charge you for such service. Clcik on any of our links for more information on the process and then call us to discuss your individual situation 888-640-2346 x 411 with one of our Short Sale help team.

Our web site is packed with useful information and provides the tools you need to back up the assistance provided by our professional associates.

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Short Sale Help in Hemet & Yucaipa Pre-Foreclosure Assistance Real Estate - Hemet Short Sale Advice Yucaipa Short Sale Help - San Jacinto - Banning - Beaumont By Reviron Realty - Short Sale Help - Inland Empire & Los Angeles

We work with all Banks to facilitate Short Sales including Bank of America, Countrywide, OneWest Bank, Ocwen, American Home Loans
HSBC, Wachovia, Wells Fargo, Indymac, Saxon Mortgage, Chase, Capital One and Citi Financial