What is HAFA (Home Affordable Foreclosure Alternatives) program?

A short sale is the type of sale you will have to do if you are upside down on your house. If the property's sales value is not enough to pay the loan in full, ... Dec 5, 2023 ... A short sale is a type of property transfer that occurs when a property is sold at a lower amount than what the homeowner owes on their mortgage ... A short sale is the sale of a property for less than the total amount of the loan. This type of sale is completed with the lender's cooperation. The real property transaction falls under the jurisdiction of the Real Estate Commission. The Department of Finance and Real Estate Commission recognize that to ... A short sale is where the lender agrees to let you sell your property for less than the amount you owe on the loan to satisfy the debt in full to avoid ... Feb 12, 2024 ... A short sale, which is a type of loss mitigation, is a sale of your home for less than what you owe on your mortgage. Q: What is a short sale? A: A short sale is a real estate transaction in which you sell your house and your mortgage lender agrees to accept a price less ... 1) A debt management company registration;. 2) A mortgage loan originator license; or. 3) A real estate broker license if they do NOT charge any special fees ... A short sale is a pre-foreclosure residential real estate transaction where the owner of the mortgage loan, the lender or lien holder (hereinafter sometimes " ... Aug 31, 2022 ... Short sales are a legal sale of a property when a property owner sells the property for less than the amount owed on the mortgage associated ...