Prevent a Foreclosure in Gardner, Kansas - Do You Qualify for a HAFA short sale in Gardner, Kansas?
In order for a Gardner homeowner to qualify for a HAFA short sale they must meet the HAMP eligibility requirements. Without getting to technical, the requirements are:
- The home must have been used as a principal residence and not vacant for more than 90 days. If the homeowner moved it must have been for a new job or for a job transfer.
- The homeowner must have originated the first mortgage on or before January 1, 2009.
- The homeowner must be in delinquency with the first mortgage or delinquency must be foreseeable.
- The homeowner must have a current unpaid principal balance that is $729,750 or less.
- The homeowner's monthly mortgage obligation must exceed 31% of the gross monthly income.
- The homeowner must have a HAMP qualified servicer.
If
the Gardner homeowner meets these requirements, then they should
contact a HAFA short sale specialist. If not all requirements are
met, maybe a HAFA short sale specialist can direct you to a Kansas
City specialist who cab help you prevent a foreclosure.
RE/MAX sells more homes than any other real estate company.
For a reason...should we talk?
Blog post written by the Dowell Taggart Team of RE/MAX Premier Realty
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