We are coming out of the housing crisis slowly BUT, it is not over yet.  In previous years homeowners who put their homes up for sale due financial hardship or life altering situation have opted to do so through foreclosure or short sales. 

The option of short sale is likely to take part of  the Home Affordable Foreclosure Alternatives (HAFA) Program that assist eligible homeowners  to avoid foreclosure, specifically through short sales or deeds-in-lieu of foreclosure.
                                                                                                                  
Previously there was a lot of redundant paperwork and longer time frames associated with the program as homeowners waited for a response from the bank.  As of February 1, 2013 some changes will be made.   

The paperwork does not completely go away but there is some relief in submitting the request to the bank and getting a (hopefully positive) response.


Review comparison chart of changes:


Save your home......and maybe your sanity!


Don't wait until it's to late!!!!  Reach out for help today.