Southeastern Michigan Short Sale Help: What Is The HAFA Short Sale Program and How Do I Qualify?

July 15, 2012 - PRLog -- Clinton Township MI – This short sale program is ideal for someone who needs to move to an affordable home and cannot afford to pay their current mortgage payment.

HAFA will provide you with free advice from HUD-approved counselors and the sale will be less harmful to your credit than a foreclosure or the typical short sale procedure.

You also will be paid $3000 to pay for relocation costs. If you qualify for HAFA, then your mortgage company will work with you to short sell your home.

The good news is that HAFA guidelines stipulate that after you sell your home, then you are released from the debt.

This is the biggest reason some people choose the HAFA short sale program versus a conventional short sale.

To qualify for The HAFA program you must be suffering from a hardship (loss of income, increased mortgage payment, etc).

It is unlikely that you will qualify for the program without a hardship. The mortgage that you owe to the bank or to a third party must be less than $729,750 and for your personal residence.

In addition, you must have obtained your mortgage on or before January 1st, 2009. Your mortgage payment, taxes and insurance payments must not be more than 31% of your total monthly income, and you should not have bought any property in the last 12 months.

The program requires you to apply for the Home Affordable Modification Program (also known as HAMP) before moving forward with the short sale. Thinking about a short sale?

I can help you short sale your property and get back on your feet. Send me an e-mail at rick@rickgiese.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me Rick Giese at Toll Free 1-800-274-5656

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here. http://www.miforeclosurehelp.com/

Here what Mike has to say about his short sale: http://youtu.be/9kZ3rNRLycc



Thinking about a loan modification? Our Southeastern Michigan loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy. http://www.miforeclosurehelp.com/

Visit My Short Sale Website http://www.miforeclosurehelp.com/
Visit My Short Sale or Stay Calculator Site http://www.mishortorstay.com

Thanks for reading this, Rick Giese.

Rick is a Real Estate Associate Broker at RE/MAX Advisors. Macomb, Oakland and Southern St Clair County Short Sales Realtor:

Phone: 1-800-274-5656. rick@rickgiese.com.

Rick Giese specializes in loan modification assistance and short sales in the Macomb, Oaklandand southern St Clair County Areas of Michigan. MacombLoan Modification Help, MacombShort Sale Help. Oakland Short Sale Help Macomb and OaklandCountyMIour services are offering sellers another option besides pre-foreclosure foreclosure or bankruptcy that can affect their credit for years. We are currently offering our services in the Richmond, Shelby Township, Macomb Township, Chesterfield Township, New Baltimore, Clinton Township, Sterling Heights, Mount Clemens (Mt Clemens) Fraser, Harrison Township, Warren, Roseville, St Clair Shores areas of Macomb County Michigan Madison Heights, Troy, Clawson, Royal Oak, Rochester, Rochester Hills, Berkley, Birmingham areas of Oakland County

IMPORTANT GOVERNMENT DISCLOSURE: You may stop doing business with us at any time. You may accept or reject the offer of mortgage assistance we obtain from your lender (or servicer). If you reject the offer, you will not have to pay us for our services. The above brokerage 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.