HAFA - Home Affordable Foreclosure Alternatives   Taking effect on April 5, 2010, the HAFA Program sets out to encourage short sales rather than foreclosures by offering incentives. HAFA offers an alternative for borrowers who were previously unsuccessful while attempting a loan modification or for home owners who simply wish to avoid foreclosure. Do you qualify? The following qualifications must be met in order to qualify for the HAFA Program. The loan must be the first mortgage on the property. The loan must have originated before January 1, 2009. The unpaid balance on the loan must be less than or equal to $729,750. However, this amount can be exceeded in some cases (e.g. two- to four-unit dwellings). The mortgage may not be an FHA or VA loan. The property must be, or recently was, the borrower's primary residence.   Incentives: Borrowers receive $3,000 to help with relocation expenses. Servicers receive $1,500 to cover administrative and processing fees. Investors can receive up to $2,000 for distributing a portion of the sale proceeds to subordinate lien holders. Benefits: In addition to monetary incentives, HAFA also offers many other benefits to borrowers. Lenders are limited in the amount of time they are allowed to approve the short sale. Through HAFA, lenders are required to waive their right to pursue a judgment on the debt. Servicers can not charge the borrower any fees. Borrowers can receive pre-approved short sale terms. The Home Affordable Foreclosure Alternatives Program requires that the property is listed with a licensed real estate professional. It is important to have a Florida Realtor who is very familiar with the HAFA Program and who will look out for your best interests throughout the entire process. Call today to find out more on HAFA and to see if you may qualify!  Mike Linkenauger Team 904-733-4911

 Need a HAFA certified short sale specialist Realtor in Jacksonville, Florida? We can provide you with more information on the HAFA program as well as determine whether or not you may qualify for a Jacksonville HAFA short sale. 

Need a Jacksonville Florida Distressed Property Expert Certified in short sales to offer free Chase short sale services? Our Duval County Distressed Property Expert Certified real estate agents are here to help, and are Certified or training in the Florida Home Affordable Foreclosure Alternatives, or HAFA Government short sale program.

First Coast Realty Associates is not associated with the government and our services have not been approved by the government or your Lender. If you stop paying your mortgage you could lose your home and damage your credit. Your Lender may not agree to the change of your loan and/or a Short Sale. With a Short Sale, there are no guarantees offered and we cannot provide legal advice. Seek legal advice.

First Coast Realty Associates and The Short Sale Specialist Network do NOT offer short sale or foreclosure rescue services outside the state of Florida.  We can refer you to a local agent, which is not considered a real estate brokerage service.  If you are in the Northeast Florida area and choose to utilize our local brokerage company to assist with a short sale, the following will apply - 1. If you stop paying on your mortgage, it will have a negative impact on your credit.  We never advise anyone to do this, and encourage you to seek professional tax and legal advice where appropriate. 
2.  First Coast Realty Associates and The Short Sale Specialist Network are not associated with the government, and our service is not approved by the government or your lender; and 
3. Even if you accept this offer and use our service, your lender may not agree to change your loan. 4. You may stop doing business with us at any time. You may accept or reject the offer of mortgage assistance we obtain from your lender [or servicer]. If you reject the offer, you do not have to pay us. If you accept the offer, you will have to pay us commission as agreed to in the listing contract for our services.