New Short Sale Program - HAFA

The U.S. Treasury Department rolled out the Home Alternative Foreclosure Alternative (HAFA) in April 2010.  This program is an add-on to the existing Home Alternative Modification Program (HAMP) that is supposed to guarantee a faster short sale approval and closing while guaranteeing the homeowner that they will not come after them for a deficiency or [...]

Tags: borrowers, buyers, foreclosure, HAFA, HAMP, sellers, short sale

Short Sale Process May Be Improving

The current way lenders handle short sales is very inefficient and frustrating for everyone involved in the process.  It is very obvious to me, as a Realtor, that something needs to change.  The short sale negotiation process currently takes anywhere from 90 to 180 plus days, during which time the house sits vacant and deteriorating.  [...]

Tags: borrowers, buyers, foreclosure, sellers, short sale

Mortgage Aid Coming

If you can no longer afford to make your mortgage payments because of a hardship, you need to pick up the phone and call your lender.  Congress approved a mortgage aid plan on October 1st that may help you stay in your home.  This program is more aimed at lenders and it is up to [...]

Tags: foreclosure, mortgage payments behind, pre foreclosure, short sale, Tampa Real Estate

Townhome short sale in new Tampa golf course community

3 Bedrooms
2 1/2 Bathrooms
2,071 square feet
$160,000

MLS#2333070
Beautiful townhome nestled in desirable New Tampa Golf Course Community.  Eat in kitchen features all black appliances and black granite counter tops.  Breakfast bar overlooks your large dining room/living room combination.  Large screened-in patio just off of the living room overlooks a conservation lot and includes a storage [...]

Tags: 33647, Deal, New Tampa Townhome, pre foreclosure, real estate, short sale

Get Educated on the Short Sale Process

Let’s face reality, we have a good four to five years of short sales left so Realtors, buyers and sellers need to be educated on the process.  Over half the homes I take my buyers to are short sales.  It is imperative as a Realtor, to explain to the buyer what to expect.  First the [...]

Tags: foreclosure, pre foreclosure, short sale, Tampa Real Estate