Seckintube

Phoenix real estate homeowners have additional hope to avoid foreclosure with the advent of HAFA. Unfortunately, the mjority of homeowners currently allow their homes to be foreclosed without ever exploring their options. I personally hope they will take the time to educate and explore the many better options available to them other than foreclosure.

It’s easy to just walk away and give up – the path of least resistance, for certain. However, the foreclosure haunt continues for years affecting credit, employment and even security clearances. With the advent of HAFA as an additional alternative, foreclosure can be avoided.

Obviously, foreclosure can’t always be avoided, but knowing your options before going into “ostrich mode” would well be worth the time invested. In light of HAFA, which even provides relocation assistance money and eliminates the hovering concern of a deficiency judgment when a short payoff has been accepted, there should be no reason for distressed homeowners not to explore their options versus throwing thousands away.

One of my passions is to inform the public about their options to avoid foreclosure. I setup my Phoenix real estate “Home Rescue Network” website to do just that. Distressed homeowners who have negative equity or who are behind on their mortgage need to take the time to educate themselves. There is a comprehensive list of options to avoid foreclosure available on the site and a questionnaire to help determine eligibility for the new government programs.

I have a National network of experienced brokers and agents around the country I’m able to refer homeowners to. These are experts in their area who can help further educate and help homeowners rescue their homes from the throes of foreclosure. If you’re interested in more no-obligation information about this, you can contact me directly.

Simplifying and streamlining the use of Short Sales will be the result using HAFA’s top features including:

1. Providing financial incentives to borrowers, investors and servicers

2. Elimination of deficiency judgments by requiring servicers to release borrowers of future liability

3. Using standard processes, documents and timeframes to help streamline and standardize the normally daunting short sale process

4. Complementing HAMP by providing workable alternatives to homeowners who are HAMP eligible

5. Financial and hardship information collected in HAMP will require no additional analysis on eligibility in HAFA

6. Pre-approved short payoff terms prior to listing the property will be allowed

Homeowners with negative equity positions in their mortgages are at all time highs – over 11,000,000 (that’s about 24% of all properties with a mortgage) are upside down. HAFA results in providing borrowers a great option to avoid foreclosure through standardizing the process flow, minimizing the performance timelines and standardizing documentation of short sales will be anxiously awaited by me and countless others.

Looking to know your options to Avoiding Foreclosure, then visit www.AzSPO.com to find the best advice on HAFA and Foreclosure Avoidance.