Jonathan Osman, The Charlotte House Hunter Group - Keller Williams Realty
The HAFA (Home Affordable Foreclosure Alternative Program) Short Sale program is designed to help homeowners facing foreclosure to “exit gracefully.” There are three different versions of the HAFA Program and the category that you fall into is determined by who is actually the investor behind your mortgage: 1. Private Investors (Hedge Funds, Banks, etc), 2. [...]
The following documents are needed for your Wells Fargo or Wachovia Short Sale. Traditional Short Sale Files (First or Second Mortgage Short Sales): Last 2 months bank statements for all accounts Last 2 pay check stubs If unemployed, unemployment benefits letter (if receiving benefits) or letter stating employment situation If self employed, 90 day Profit [...]
On November 30 2009, the Treasury Department released it’s guidelines to improve and standardize the short sale process called “Home Affordable Foreclosure Alternatives – Short Sale and Deed-in-Lieu of Foreclosure”. While the guidelines can be read in their entirety on the Making Home Affordable website, here are the program highlights: This Making Home Affordable ” [...]
