Category Archives: Short Sale & HAFA

As a Certified Distressed Property Expert (CDPE) I constantly stay up-to-date with changes to the Home Affordable Foreclosure Alternatives (HAFA) short sale program, and will keep homeowners up-to-date with changes in the way short sales are handled, things you should know about short sales, and utilizing a short sale as a way to avoid foreclosure.

Can my son buy my house through a short sale?

Posted on November 19, 2010 by Jerod

Question:Assuming we list our home and proceed with a Short Sale, could our son buy the house? Our son may be interested in buying it and renting it to us. Answer: While this sounds like something that would make sense, … Continue reading →

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Can I buy a home immediately after a short sale?

Posted on June 29, 2010 by Jerod

Yes, it is possible to purchase another home immediately after successfully short selling your home. However, you need to fit the following criteria, and utilize a Federal Housing Administration (FHA) loan in order to do this. The home which was sold short … Continue reading →

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Will a Loan Modification damage My Credit?

Posted on June 29, 2010 by Jerod

With what has happened over the years as a result of ridiculous, and careless lending practices, it is no surprise the housing market was finally pushed off a cliff and left to free fall. The future of the housing markets, … Continue reading →

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Fannie Mae Cracks Down On Strategic Defaults

Posted on June 25, 2010 by Jerod

It has been happening all around us, people who can make their mortgage payments, but choose to walk-away from their homes. This is called “Strategic Default” and while home owners think they are getting away with something, think again. The … Continue reading →

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Buying a short sale? be aware

Posted on May 19, 2010 by Jerod

Home buyer’s who are looking to purchase a Short Sales often means that they want a home that is less expensive than perhaps it probably should be. It is important for me understand exactly what is expected, and more important that I … Continue reading →

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New Short Sale Guidelines… Do they help?

Posted on May 4, 2010 by Jerod

There’s been a lot of talk floating around about how the Short Sale market was/is supposed to become an easier road to travel starting April 5, 2010 due to the new rules put in place by the Treasury Department. The … Continue reading →

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