THE GOVERMENT HAS A PROGRAM CALLED [HAFA] WHICH STANDS FOR HOME AFFORDABLE FORECLOSURE ALTERNATIVES PROGRAM WHICH IS DESIGNED TO HELP ASSIST BORROWERS ND SERVICERS BY PROVIDING FINANCIAL ASSISTANCE TO THEM IN THEIR SHORTSALE . THEY HAVE DONE THIS FOR YEARS WITH THE CASH FOR KEYS IN A DEED IN LIEU BUT JUST STARTED OFFERING IT FOR SHORTSALES. THE IDEA IS THAT THE BORROWERS WILL LEAVE THE HOME IN GOOD CONDITION AND WONT DESTROY THE HOME OR TAKE STUFF OUT OF IT WHEN THEY VACATE BY MINIMIZING THE TIME A PROPERTY IS VACANT AND SUBJECT TO VANDALISM AND DETERIORATION.
I HAVE A SELLER WITH HIS LOAN FROM BANK OF AMERICA AND HE SAW IT FIRST ON THEIR WEB SITE AND TOLD ME AND I HAVE LOOKED INTO IT AS IT SAID HE WOULD GET $3,000 TO HELP HIM IN RELOCATING. THIS SEEMS A LITTLE BIZZARE AS MOST SHORTSALE PEOPLE ARE DOING WHAT THEY CAN TO MAKE IT WORK BECAUSE OF THE ADVANTAGES OF SHORTSALE COMPARED TO FORECLOSURE. THEY ARE ALSO OFFERING OTHER INCENTATIVES TO THE SECOND LIEN HOLDERS.
I WILL KEEP YOU INFORMED OF CHANGES AS THEY COME ABOUT AS THEY ARE CHANGING STUFF DAILY--CALL FOR INFO---DIGGER--406-250-7667
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