HAFA is a government program that provides financial incentives to Borrowers, servicers and investors who utilize a foreclosure alternative (short sale or deed-in-lieu) instead of a foreclosure sale to transfer ownership.
Ultimately, foreclosure alternatives such as those mentioned above reduced the need for expensive foreclosure proceedings for the investor and the potential harmful effects a foreclosure would have on the Borrower.
The pre-foreclosure options typically help maintain the condition of the property and therefore, the preservation/ value of the property by minimizing the time a property could potentially be vacant and subject to vandalism and deteriorations through lack of maintenance.
Finally, pre-foreclosure options generally provide a substantially better outcome for investors and communities through lower loss severities for investors and fewer vacant properties for communities.
I Can Help You Avoid Foreclosure…
And explain your options!!!
For more information about the programs available or to find out more about our local market…
(925)391-4131 begin_of_the_skype_highlighting (925)391-4131 end_of_the_skype_highlighting