
TO HELP HOMEOWNERS IN DANGER OF FORECLOSURE ... Laura Slappey of RE/MAX South Suburban has earned the prestigious CERTIFIED DISTRESSED PROPERTY EXPERT (CDPE) Designation, having completed extensive training in foreclosure avoidance and short sales.
This is invaluable expertise to offer at a time when the area is ravaged by “distressed” homes in the foreclosure process. Short sales allow the cash-strapped seller to repay the mortgage at the price that the home sells for, even though it is lower than what is owed on the property.
Please check out the link below for a more detail explanation.
http://www.youtube.com/watch?v=yCge4O_XUe8
What is HAFA:
HAFA is a newly government-subsidized plan to give homeowners additional alternatives. HAFA, ( Home Affordable Foreclosure Alternatives), is a program designed for distressed homeowners who would like to sell their homes and avoid a foreclosure. This program is for homeowners who owe more on their mortgage than the actual value of the home. HAFA allows a participating lender to pre-approve the terms of the short sale and give the borrower at least 4 months to market and sell the property under a licensed real estate professional.
http://www.youtube.com/watch?v=8TXx8rKy-Ow