You are here : Home \\ Short Sale Articles \\ Livermore CA Short Sale Education | HAFA Extended Through 2013

Livermore CA Short Sale Education | HAFA Extended Through 2013

by Scott Fuller on January 16, 2013
Written by:

Livermore CA Short Sale Education – HAFA Extended Through 2013!

Your Livermore CA short sale specialists are happy to announce HAFA has been extended! We wanted to give you a quick information update regarding the Fannie Mae and Freddie Mac HAFA short sale program expiration, which was originally set to expire a few days ago, has been extended through the end of 2013.

The HAFA program was a government subsidized program that came out several years ago.  The purpose of it was to relieve deficiency, so people did not have to pay back the money was being forgiven. It allowed them to receive up to $3,000 or more back from the government after the close of the successful short sale.  That program which originally was set to expire at the end of 2012 has been extended through the end of 2013. This is great news for Livermore CA short sale homeowners who want to do a short sale and take advantage of the HAFA benefits, including seller relocation assistance.

So if you live in Pleasanton, Livermore, or Dublin and you are thinking about doing a short sale, this is great news. Depending on who your lender is there are still HAFA other programs that aren’t necessarily HAFA related, but are programs that your bank may offer.  Banks such as Bank of America, Chase bank that are allowing a homeowner to receive funds at the close of escrow. We have seen homeowners with lenders such as Chase, Bank of America, and Wachovia give out huge seller relocation incentives at close of escrow, as much as $30,000!

If you are looking to do a short sale anywhere in the tri-valley area, talk to us about what your options are with your particular lender to see if you can receive any relocation assistance from your lender at the close of a short sale.

Any questions let us know on our contact page. You can also learn more about Livermore CA short sale programs by visiting our YouTube Channel page

Livermore CA Short Sale Education | HAFA Extended Through 2013
Livermore CA Short Sale Education | HAFA Extended Through 2013

Previous post:

Next post: