The HAFA short sale-aside from the avoidance of foreclosure, the elimination of mortgage debt and the $3,000 relocation benefit, HAFA short sales may offer some additional benefits. <br />Current lending guidelines may allow a “fresh start”. A borrower may be eligible to borrow or to own a home again sooner through a short sale as compared to foreclosure. Fannie Mae’s lending guidelines favor those who proactively address their situation rather than avoiding the situation they are experiencing. <br />Borrowers may be able to buy again by re-establishing a credit history as soon as two years after short sale vs. seven years after foreclosure (but only three years if borrower has extenuating circumstances) under Fannie Mae guidelines. <br />In this video I explain the benefits of a HAFA short sale including the $3,000 relocation incentive. I also explain the HAFA short sale guidelines and how to qualify for a HAFA short sale. For more information visit. http://www.losangele
