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Wednesday, February 4, 2015

2015 HAFA Short Sale Update | 951-217-6745

2015 HAFA Short Sale Update

by Sidney Kutchuk
2015 HAFA Short Sale Update.
Starting Feb 1st 2015 short sales being processed via the HAFA program will allow the seller to walk away with $10,000 at the close of escrow. This $10,000 is for the seller to use for relocation costs. Prior to this change relocation assistance was caped at $3,000.00
Also, current HAFA guidelines state that first lien holders will also provide $8500 from sale proceeds to junior lien. This has now been changed to $12,000. 
For more details on all the changes made to the HAFA short sale process go to this link. Or call the short sale specialist at Realty Works,Sidney Kutchuk 951-217-6745 or visit  www.aShortSale.com