Picture this…you haven’t made a mortgage payment in over 2 years and your bank just agreed to pay you $10,000.

 

SS 10k Approval

 

Sounds like a fairy tell right? Believe it or not, it happens and Real Estate Mitigators have the approval letters to prove it.

See the full approval letter HERE.

Most people who are behind on their payments have serious hardships that prevent them from getting ahead in life and seems like an impossible task.  Every day appears to be one step forward, two steps back and now your bank is foreclosing on your home.  This reality happens to thousands of people every month in Texas.  Even though there are several ways to avoid and potentially stop foreclosure, not everyone has the motivation or information to do it.

Most of us understand that not making your mortgage payments has its consequences, but for some home owners there are also rewards (to some degree).

Real Estate Mitigators helps Texas homeowners avoid foreclosure through different programs.  The one I’m writing about today is the HAFA Short Sale.  This is where your mortgage company lets you sell your property for a price that is lower or falls “short”, of the amount you actually owe.

HAFA offers some great benefits to the borrower who is trying to short sale.  One big one is the fact that unlike a conventional short sale, a HAFA short sale will fully release you of the mortgage debt, after you sell your home for less than what you owe.  This means you don’t have to worry about what amount you were “short”, also called a deficiency.  This deficiency is guaranteed to be waived by the mortgage servicer.

Another great thing about a HAFA short sale is the Relocation Assistance.  This is where the borrower is paid actual money to help them relocate.  As of Feb 2015, HAFA may provide up to $10,000 in relocation assistance.  Crazy right?! Here’s the proof!

Some requirements of eligibility for a HAFA Short Sale include:

  • You must be living in the property and able to prove occupancy.
  • You must have a documented hardship
  • The borrower is behind on payments or default is foreseeable

See more here.

These are just a few of the requirements, but REM can help you determine your eligibility for this program and provide more options, free of charge.   We have the tools and the experience to get you through these tough times.

Dealing with foreclosing lenders can be very time intensive and unproductive without the right steps being taken.  Real Estate Mitigators works with all mortgage companies and any situation.  If you are behind on your payments, or wanting to avoid foreclosure in Texas, let Real Estate Mitigators help you explore all of your options.

Call for a risk free, no obligation consultation at 512-277-5455 or complete the form on our Website to get started today!