HAFA Short Sales
BofA HAFA short Sales Update
Under HAFA the senior lender is going to release the borrower from liablity for the remaining loan balance,
however the second lender may reserve the right to keep you on the hook for the remaining loan balance.

You must work with someone who knows how to gain leverage against the second.

This video was made April 25, 2010
For more on short sal

es:

Short Sale Program Email Address* First Name* Last Name* Best Phone Number Has this property been your residence yes since purchase Never Part of the time Zip Code where property located Are you Current on your Loans Yes No Yes on 1st but not 2nd Not on 1st but yes on 2nd Type of Property -- Please select --Single Family Residential Condo I own a building with more than one Residence At time of Purchase - you took out 1 Loan 2 Loans 3 Loans Now you have -- Please select --1 Loan 2 Loans 3 Loans Which loans have been refinanced? Have you Taken Cash Out -- Please select --Yes Yes but it all went into improvements No Indentify Home Equity Lines of Credit 1st 2nd 3rd Total Owed Approx Value of House Please contact me -- Please select --ASAP Within 48 hours ASAP 24 hours 48 hours Goals No deficiency Minimize credit damage Short Sale Deed in lieu Short Payoff Soften up Lender with Lender Liability Letter Do you have a Realtor -- Please select --yes no How long has the property been listed Do you have an offer in to the lender -- Please select --yes no Which loans are late 1st, 2nd, Both Has a Notice of Default been filed Date of NOD if any Comments Enter the code:    Please wait...