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What Is a Short Sale?

A short sale is when a lender accepts a discounted payoff on a mortgage allowing both the lender and seller avoid foreclosure auction. In this case, you are purchasing the property at a discount (of what is owed) with approval from the lender (lien holder).


What is the HAFA Short Sale Program?

One of the reasons banks are allowing people to short sale their homes is because of programs like the Making Homes Affordable Program/ Home Affordable Foreclosures Alternative (HAFA) Program.  Created by the government, the HAFA short sale helps  homeowners sell their undervalued or underwater homes waiving all deficiencies and even provides relocation assistance funds to help them move. To find out if who is HAFA eligible review our  Short Sale Resources and then call your bank/servicer to see if they are participating.

At the bottom of this page you can get our short sale guide which will go over all of the HAFA requirements and explain to you exactly how the HAFA Short Sale Program works. In the guide you will learn how to temporarily stop the foreclosure process and where to obtain the HAFA forms in order to start the short sale process.

Choosing the right Realtor.

It is very important that you choose a Realtor who understands the short sale process. There are many Realtors who have educated themselves through various seminars, courses & programs these Realtors have the necessary experience & knowledge to help you navigate the maze of a short sale and to help you understand the short sale process.

Contact The Kiper Team, your Short Sale Realtor Specialists to get connected to an expert today!

*TIP: A great way to find a Realtor is by reviewing their public profiles so that you know exactly what that Realtor specializes in. We live in the world of social media & networking so go and read what other homeowners are saying about your potential Realtor. We are sure you will agree with what others are saying about The Kiper Team which will help you make the right decision. You can check us out at these social networks and see what people have to say about the award winning Kiper Team!

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Short Sale Qualifications: For homeowners to qualify for a short sale, they must fit into any or all of the following categories or have the following circumstances:

Financial Hardship: A situation causing you to have trouble affording your mortgage.

Monthly Income Shortfall: A lender will want to see that you cannot afford, or soon will not be able to afford your mortgage based on your income versus your expenses... In other words: "You have more month than money" and this is causing you to not be able to keep up your payments.

Insolvency: The lender will want to see that you do not have significant liquid assets that would allow you to pay down your mortgage.



How to Do a Short Sale How To Sell a House That didn't Sell
Short Sale: Where to start  
What Is HAFA Program?  
Buying a Short Sale  


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