"Allow me to be the Realtor that you deserve." Providing Real Estate Services, including Buying, Selling, Short Sales and Bank Owned Homes in Glendora, San Dimas, La Verne, Azusa, Covina and beyond...
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Short Sale Info

There are a lot of misconceptions when it comes to short sales and how Realtors handle them. The Home Affordable Foreclosure Alternatives Program (HAFA) is part of the Home Affordable Modification Program (HAMP). These programs were initiated under the Obama Administrations overall Making Home Affordable (MHA) initiative.

This may seem like a lot of acronyms and a bit complicated to understand how everything ties in. Well, the fact of the matter is, unless you are dealing with a Realtor who has a Pre-Foreclosure Specialist Certification, you may be lost in the shuffle. I have the honor and distinction of having a Pre-Foreclosure Specialist Certification.

Here are some links to great information regarding these programs to investigate the information yourself as well.

All of the programs fall under the Making Home Affordable (MHA), www.makinghomeaffordable.gov 

Find out if your loan is owned by Fannie Mae www.fanniemae.com/loanlookup

Find out if your loan is owned by Freddie Mac www.freddiemac.com/mymortgage

Some common questions that homeowners

 have regarding short sales include:

How would a homeowner choose a short sale?

Why would a bank accept a short sale?

Do all banks accept short sales?

Will a bank accept a short sale if the homeowner is current on payments?

How will a short sale affect my credit?

Will I be responsible for any deficiencies or taxes on the forgiven mortgage balance?

I would love to help you with these and other questions. Please feel free to call me at 626-533-3123 or email me any questions to zakb@c21martyrodriguez.com