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Monday, May 10, 2010
First HAFA approved Temecula Short Sale.
Today I received my first approval for a HAFA Short Sale. This short sale took 38 days to get approved, and the seller was allowed to receive $1,500.00 in relocation assistance!
Under the new HAFA short sale guidelines a seller can receive up to $3,000.00 in relocation help. I hope to report soon that my next short sale is done in even less time and with the full $3,000.00 going to the seller.
The banks are starting to get HAFA incentive funding to push the short sales along at a faster clip.If things work as planned we may soon see most escrow times cut in half!