SELLERS!
If you're planning to sell your home in the next few months, this FREE service is designed to help establish your home's current market value. Simply choose [Market Analysis] and fill out the requested information. I will use comparable sold listings to help you calculate the fair market value of your home. If you've purchased a home in the last 5-10 years there's a good chance the value of your home is less now than when you purchased the home or what you owe to the lender.

BUYERS!
Automatically receive personalized MLS listings by e-mail. I have a system that will automatically email you with a new listings and any changes within your search criteria.
Simply choose [Dream Home Finder] and fill in the requested information. Or, search for yourself at [Search For MLS tab].


Specialization
I specialize in representing my clients in the purchases and sales of single-family residences and investment properties within the cities of Peoria, Glendale, Surprise, El Mirage, Wittmann, Litchfield Park, Goodyear, Avondale, Buckeye, Tonopah, and Phoenix. I keep current of all transactions in these areas, and I'm also very knowledgeable with the local schools.

NEWS ALERT
Details of HAFA

HAFA was introduced to simplify and streamline the short sale process. HAFA accomplishes this in the following ways:

•Compliments HAMP by providing viable alternatives for borrowers who are HAMP-eligible
•Uses standard processes, documents and timeframes
•Provides financial incentives to borrowers, servicers and investors
•Requires that borrowers be fully released from future liability for the debt
•Utilizes borrower financial and hardship information collected in conjunction with HAMP, eliminating the need for additional eligibility analysis
•Allows the borrower to receive pre-approved short sale terms prior to the property listing
•Prohibits the servicer from requiring, as a condition of approving the short sale, a reduction in the real estate commission agreed upon in the listing agreement1
HAFA provides financial incentives as follows:
•Homeowners qualify for $3,000 (updated March 26, 2010; was previously $1,500) in Borrower Relocation Assistance after a short sale or deed-in-lieu has been completed (may classify as taxable income in some cases2)
•Financial incentives for servicers participating in the program include up to $1,500 (updated March 26, 2010; was previously $1,000) servicing bonus upon completion of a short sale or deed-in-lieu
•Financial incentives for investors include up to $2,000 (updated March 26, 2010; was previously $1,000) for those who allow a total of up to $6,000 in short sale proceeds to be distributed to subordinate lien holders. This reimbursement will be earned on a one-for-three matching basis3
•Lenders pay all servicing fees — homeowners have no out-of-pocket expenses4
There are two additional documents which provide detailed technical information on data related to HAFA and the HAFA reporting procedures for servicers:

•HAFA Data Elements (Exhibit D) is a series of tables detailing specific reporting procedure data for servicers. It is available at the end of Supplemental Directive 09-09 Revised. This is a document for servicers
•The HAFA Data Dictionary, a spreadsheet in Excel format coordinating with HAFA Data Elements (Exhibit D) that catalogues all of the data elements and associated metadata for the program, including the names, definitions, allowable values, and data types. It also defines the functional areas where the data elements are being used.5 This is a document for servicers
For more information on servicer reporting procedures and requirements, see "Reporting Requirements" on page 14 in Supplemental Directive 09-09 Revised.

CDPE members serving troubled homeowners in your community.

If you're a homeowner looking for answers, or would like to determine if you qualify for HAFA, find a CDPE near you.

Last updated: 2 April 2010


Sources:

1.Making Home Affordable. Supplemental Directive 09-09 Revised "Foreclosure Alternatives" p. 3 (2010): www.hmpadmin.com
◦Updated: March 31, 2010
2.Making Home Affordable. Short Sale Agreement (Exhibit A) "Short Sale Program—Important Information" p. A-3 (2010): www.hmpadmin.com
◦Updated: March 26, 2010
3.Making Home Affordable. Supplemental Directive 09-09 Revised "Incentive Compensation" p. 13 (2010): www.hmpadmin.com
◦Updated: March 31, 2010
4.Ibid. "General Terms and Conditions" p. 12
5.Making Home Affordable. "Home Affordable Foreclosure Alternatives: Overview" (2 April 2010): www.hmpadmin.com