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HAFA $10,000 short sale Florida February 3, 2015

Posted by orlandoshortsalefl in Florida Foreclosure, Foreclosure in Orlando, HAFA, HAFA $10000, Orlando real estate, Orlando Short Sale, Orlando short sale Realtor, Orlando short sales, short sale realtor.
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Great news for our Orlando Florida homeowners. The banks are now required to give you $10,000 in relocation assistance on an owner occupied HAFA short sale. This has increased from the $3,000 relocation incentive previously offered by HAFA.

You will still have to qualify for the HAFA short sale and the loan can not be owned by Fannie Mae, Freddie Mac, VA or FHA for this $10,000 incentive. We are hopeful Fannie and Freddie will follow suit and increase their incentives as well. The new directive is for new short sales that close after February 1, 2015. If you are unsure who owns your loan just ask, we will assist you in getting the most amount in relocation funds possible.

We have a seller who has already qualified for the $10,000 HAFA incentive in Orlando and we will be closing by the end of the month. Needless to say she is thrilled to be getting a $10,000 relocation amount instead of the $3,000 originally offered by the lender. In this case losing our first buyer was a $7,000 bonus to her family.

If you are considering a short sale or know someone who needs our assistance please contact us to discuss your options.

When you hire an agent ask them to show you their recent approval letters or some of their closed sales. You want to have a Short Sale expert on your side. At Asset One Realty, Wendy and I have this knowledge and we have the documentation to back it up. Remember foreclosure is the last resort.

Contact us at our Web Site or Short Sale Answers this site has videos of the 5 most asked questions regarding a short sale and video testimonials from our clients.

Email us direct at paganorealtor@gmail.com or assetonebroker@gmail.com

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Orlando Short Sales | HAFA $10,000 Short Sale | Short Sale Realtor

Orlando Short Sales | HAFA $10,000 Short Sale | Short Sale Realtor

Orlando Short Sales | HAFA $10,000 Short Sale | Short Sale Realtor

Orlando Short Sales | HAFA $10,000 Short Sale | Short Sale Realtor

Orlando Short Sales | HAFA $10,000 Short Sale | Short Sale Realtor
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Bermuda Dunes Orlando Cash Buyers June 14, 2012

Posted by orlandoshortsalefl in Bank of America, Bank of America short sale, Bermuda Dunes, Citi short sale, Citibank short sale, Florida Foreclosure, Foreclosure in Orlando, HAFA, Mortgage insurance and short sales, Orlando pre foreclosure, Orlando real estate, Orlando Short Sale, Orlando short sale Realtor.
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WE HAVE CASH BUYERS FOR  BERMUDA DUNES

Dear Property Owner of Bermuda Dunes:

My Name is Wendy Golding, Broker/Realtor/Owner of Asset One Realty, Inc.  My husband Scott Pagano and I work primarily with Distressed Home Sellers, these are Short sales.

As many you may be aware the housing crisis has hit Orlando Florida very hard. For some of us who have invested in the peak of the boom we are facing defaults and foreclosures.

There are options out there for you.  Right now Asset One Realty, Inc. has qualified Buyers for Bermuda Dunes located in 32835.  These are cash buyers who are very eager to own at this location.

Scott and I have negotiated many Short sales for Investors and would like to assist you with yours.  Now is the best time we have Cash Buyers waiting for Condo’s at Bermuda Dunes.

Please contact us today, there are three ways to reach us: email:  assetonebroker@gmail.com

Wendy’s Cell Phone 407-470-3894 or Office Phone 407-299-1888

web: http://www.OrlandoFLShortSaleCenter.com

We guarantee that we will get your Short Sale approved. Visit www.orlando-shortsale.info for videos on your Short sale Questions

Sincerely,

Wendy Golidng

Broker/Realtor/Owner Asset One Realty, Inc.

When you hire an agent ask them to show you their approval letters or some of their closed sales. You want to have an expert on your side. At Asset One Realty, Wendy and I have this knowledge and we have the documentation to back it up. Remember foreclosure is the last resort. View our happy clients testimonials at our web sites, Contact us at our Web Site or Short Sale Answers this site has videos of the 5 most asked questions regarding a short sale.  like us on Facebook and view our homeowner help video. Email us direct at paganorealtor@gmail.com or assetonebroker@gmail.com             Click here for your free E-Book

Home Affordable Foreclosure Alternatives Program (HAFA) April 10, 2010

Posted by orlandoshortsalefl in Florida Foreclosure, Foreclosre, Foreclosure, Foreclosure in Orlando, HAFA, orlando foreclosure, Orlando pre foreclosure, Orlando real estate, Orlando Short Sale, Orlando short sale Realtor, short sale, short sale PMI, short sale realtor, Stop foreclosure.
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This is my take on the HAFA or Home affordable Foreclosure Alternatives Program. I have read the 45 page document and there have been some changes already since the December announcement. 

To qualify for HAFA the home must be your primary residence, not a second home or investment property. Also your first mortgage must be under $729,750 and you must be in default or be close to default. Also your monthly mortgage payment must exceed 31% of your income. Lastly the loan must have originated before January 2009. 

Now the big thing everyone is talking about is the banks have to approve the short sale in 10 days. Good luck with that. The banks have 10 days to accept or decline the offer that is reality. The banks will set a minimum offer they will take up front. I will guarantee this will be above Fair Market Value. Then they will go back and forth until they get the offer they want. This will take 30 to 60 days or more with all the counter offers. 

What do the banks get out of this. Well it is a voluntary program the banks do not have to do HAFA. The first lender can give up to 6% of the seconds loan balance or $6,000 total. The first lender will get $1,500 from the Government for doing HAFA and an additional 1$ for every 3$ they pay to the second lien. 

The homeowner gets $3,000 moving expenses and a full release from the first, second and PMI/MI companies. This means no deficiency judgement, no promissory note and no cash contribution. A full release of liability for the debt. Wow that sounds great, hunh? To the homeowner yes to the banks HELL NO. This means on a S200,000 mortgage lets say the short sale is $100,000. The bank is going to eat $100,000. Yea I’m sure the banks are going to line up for this. This is going to be the tough part of HAFA. 

Also don’t forget all lenders 1st, second and MI/PMI companies have to sign off on this. The bank can also require the homeowner to pay 31% of his or her income as a mortgage payment to the bank while the short sale is being negotiated. 

So I would like to know what you all think. Down here in Florida its Y’all think. Are the banks going to be able to handle this additional loss? Do you think they want to give up their right to a deficiency judgement? What about the PMI/MI company no more prom notes? It will be interesting to see how this plays out. 

One last thing if the banks won’t do HAFA don’t worry a short sale is still better for them than a foreclosure any day of the week. Just make sure when you hire an agent ask them to show you their approval letters or some of their closed sales. You want to have an expert on your side. Wendy and I have this and we have the documentation to back it up. Remember foreclosure is the last resort. Contact me at www.scottnwendy.com or paganorealtor@gmail.com or you can use my 24 hour recorded info hotline 1-866-647-8425 EXT 104