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A newly launched Short Sale And Stay In Your Las Vegas Home Las Vegas Short Sales Property program provides another option for Clark County homeowners who can’t afford their mortgage payments or have been rejected for a loan modification.
Until recently, the Home Affordable Foreclosure Alternative (HAFA) program required that a short sale be an “ARMs Length” transaction, meaning the buyer and seller could not have a prior agreement for the homeowner to Stay in Your Las Vegas Home, contact a Las Vegas Short Sale Attorney.
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A new supplement to the HAFA guidelines ‘amends this restriction to allow servicers the discretion to approve short sales to a non-profit organization with the stated purpose that the property will be rented or resold to the borrower, so long as all other HAFA program requirements have been met.”
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For Clark County Nevada homeowners who who qualify, the HAFA Short Sale And Stay In Your Las Vegas Home program allows a homeowner to sell a home, rent it back for three years and then buy it back at a predetermined price.
If you would like more foreclosure Help information on this Las Vegas Short Sale Lawyer stop foreclosure program and/or to find out if you qualify, please contact Las Vegas Short Sales real estate agent for a confidential consultation. Ratliff Realty Group: ReMax Real Estate Agent delivers Las Vegas Short Sales customers top Foreclosure Help in Nevada Agency products and services.
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