Effective April 5th, according to the Wall Street Journal, banks will be offered an incentive to complete short sales much quicker. The BPO (basically an appraisal for the bank) will be done prior to listing, and the seller will know what the minimum amount the bank will accept.
Once the offer is submitted to the bank, the bank must accept within 10 days. Sellers will need to be accepted into this program by their banks, and not all sellers iwll be accepted. The program is called Home Affordable Foreclosure Alternatives (HAFA).
If you are getting behind in house payments, please call me, and I can assist in this process!
Hopefully in the near future, we won't say --- SHORT SALE/LONG PROCESS!
Joan Cox
Metro Brokers - House to Home, Inc.
Denver, CO 80237
720-231-6373
www.JoanCox.com
About Me
- Joan Cox
- Denver, Colorado, United States
- With 13 years in real estate, I specialize in relocation, new construction, investor purchases, first time homebuyers and sellers. Ask me about my web site! Call today - 720-231-6373 In August 2009 I opened MY OWN Metro Brokers office in the Tech Center.
