Short Sale Incentives or Relocation Expenses Arizona

Here’s how it works.  As it stands at the time of this article was written, if you short sale your home under the government’s HAFA program you can get up to $4500 combined cash to help you move. How’s that for an incentive? The incentive is generous because the federal government and major banks have realized that is ultimately cheaper for you to sell your home instead of abandon it to foreclosure.  Short Sale Incentives or Relocation Expenses Arizona

The banks don’t want to be in the real estate business, and over the past few years they have worked diligently to streamline the short sale process.

Additionally, the Save Our Home AZ program offers additional incentives, to give up to $4,500 total to homeowners who chose short sale through the HAFA program.  Would you like to learn more about incentives available for your short sale, or what to expect if you do a short sale?  Call me at 602.403.7799.  You want someone with experience to help you through this process.

Here’s what you will need to gather:

  1. Write a hardship letter explaining your situation and why you can’t or why you expect that you won’t be able to make your future mortgage payments.
  2. Your two most recent bank statements (all pages)
  3. Your two most recent pay stubs
  4. The last two years tax returns (all pages)
  5. A letter authorizing me to discuss your case with your lender(s)

 

Read more about the Home Affordable Foreclosure Alternatives Program (HAFA)  here.

Note: There are no guarantees that your short sale will be successful or that you will receive HAFA funds.   Your note and state laws prevail in the event of any disputes, however the percentage of successful short sales has been on a steady increase.

Short Sale Incentives or Relocation Expenses Arizona