Don’t wait till it’s too late!

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It takes time to do a short sale. It break’s my heart when I get a call from someone and they are only a week or two away from foreclosure. At that point they are in panic mode trying to figure out what to do. Don’t wait till it’s too late – talk to someone about your situation. The advice is free and it may end up saving your credit and saving you LOTS of heartache and money.

Call me 703-587-0095 and remember – we don’t charge you any fee’s to do a short sale.

UPDATED INFORMATION ON HAFA – GREAT NEWS!

The information below came from the Settlement Group, Inc.

The Obama Administration has announced updates to its HAFA Program. The updated program now allows for more struggling homeowners to be eligible. It will also provide additional guidance for loan servicers.

HAFA allows you to transition from a home you can no longer afford. One option under HAFA is being able to do a short sale on your home without having to pay the deficiency balance after you sell it. The HAFA program offers $3000 in relocation assistance.

In March 2012 the following updates were made to the HAFA Program effective June 2012:

The deadline for HAFA has been extended. A borrower now has until December 31, 2013 to submit a Short Sale Agreement or a written request for a consideration for a Short Sale Agreement to be eligible for HAFA.
There are no longer any occupancy requirements for HAFA eligibility. (Before the update the property had to be occupied as the borrower’s primary residence at some point within the prior 12 months).
2nd liens can now get up to $8,500. (It was $6,000).
Servicers can now accept a full payment, if the borrower requests to make a full contractual payment in order to stay current on the loan.
One of the Most Dramatic changes the Credit Bureau reporting will be Account Status Code 13 (paid or closed account/zero balance) or Status Code 65 (account paid in full/a foreclosure was started),as applicable.
See more details on the Updates to HAFA and other Making Home Affordable Programs. https://www.hmpadmin.com//portal/programs/foreclosure_alternatives.jsp

Virginia Short Sale Blog – Banking Relationships.

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We have relationships with short sale negotiators at all the major banks. It’s important to be working with someone who knows who to call when the going gets tough! This Virginia Short sale blog is here to give you the information you need to help you through the process. Feel free to email me with any specific questions you may have at rob@robertchevez.com

Welcome To Virginia Short Sale Advice – We are here to help.

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I created www.virginiashortsaleadvice.com to help you get answers to your short sale questions. How will a short sale impact my credit? What is a short sale and do i qualify? How will the bank handle the difference between what I owe and what I can sell it for? These are just a few of the topics we cover in our short sale blog. Feel free to call me if you have any specific questions about your short sale case – 703-587-0995. I am here to help.