NOW TRENDING !
Get Updates from PROPERTY ASSISTANTS
Policy Changes for HAFA - effective. Feb. 1, 2013
While the average time for short sale approval has decreased from 14 months to about 4 months since the HAFA program was launched, there's hope for an even speedier process. Mortgage servicers must now decide within 30 days whether or not to approve a borrower’s request for a HAFA Short Sale. Additionally, a Pre-determined Hardship is now adequate for approval and the Hardship Affidavit can be completed at closing as long as the borrower meets the requirements: If the borrower is 90 days or more delinquent on their mortgage and has a FICO score of less than 620, it is considered a Pre-determined Hardship.
More great news is that it's no longer a requirement that properties be owner occupied to be eligible for short sales, Primary Mortgage holders can pay $5,000 to smaller lien holders - up from the previous $2,000, and HAFA may provide Relocation Assistance up to $3,000 for sellers on closing.
Coming Soon... Real Estate News & Information
“An investment in knowledge pays the best interest.” ~ Benjamin Franklin
PROPERTY ASSISTANTS ~ Helping You Manage Your Investments!
Logo Design, Business Cards, Web Pages, Social Media, Direct Mail, Flyers, Brochures, Signs, Newsletters, Email Blasting, Text Links on Signs, Keyword Data Capture, Bookkeeping, Research, Updating/Merging Databases, Leads/Mailing Lists, and more!
Email: propertyassistants1@yahoo.com
Website: propertyassistantsofdallas.com
Location: 972-383-9172
Phone: 214-289-2424
Facebook: www.facebook.com/propertyassistants
Twitter: @INVESTDALLAS
“Risk comes from not knowing what you’re doing.” - Warren Buffett
Together we can develop a winning team.
The education & mentor group for real estate investors.