HAFA to Speed Short Sales in Discovery Bay?
Every month I prepare detailed reports on Short Sales in Discovery Bay. If you want more details on the Short Sale market reports or other market reports in Discovery Bay or other markets you can e-mail me directly.
The numbers on Short Sales go up and down some from month to month but one thing remains consistent about Short Sales - They are not selling as fast as they should!
Right now in Discovery Bay there are 23 Short Sale Homes on the market representing over 1/3 of the Discovery Bay real estate market. Currently there are 65 Pending Short Sale Homes in Discovery Bay, however there were only 10 Short Sales in December and 7 Short Sales in January in Brentwood California 94513.
This is actually a good closing rate for Short Sales compared to most cities, HAFA may pick up the pace. HAFA was supposed to speed the Short Sale process, however, up until now HAFA has been a dismal failure for almost all people who have tried it. However, the Government has revised the HAFA guidelines. Under the new HAFA guidelines verification of income and hardship have been relaxed.
HAFA is directed at people wishing to modify or Short Sale their home. It must be a primary residence and the mortgage must have been taken out on or before 1/1/09. Any person make a Short Sale under HAFA is eligible for $3,000.00 on close of escrow to help them with moving expenses. There are some other restrictions that apply: e-mail me for more details. Any Fannie Mae backed property is eligible and most major lenders are participants.
Short Sales in Discovery Bay and in other areas should be picking up. What can you do if you are interested in a Short Sale (buying or selling both)? First of all go to click here and get our Free Books on Short Sales then be sure to use a Realtor who has an SFR Designation (Short Sale and Foreclosure Resource).
Home Point Real Estate is an East Contra Costa County Real Estate Firm that can help you with your Short Sale in Discovery Bay or beyond. Our agents are experienced agents with SFR Designations. There is no charge until your home is sold and then we are paid by the bank - Remember never pay up front for modification services.
Home Point Real Estate works with Home Buyers, Home Sellers, and Investors in East Contra Costa County and Beyond.
East Contra Costa County includes Brentwood, Antioch, Oakley, Pittsburg, Bay Point, Discovery Bay, Bethel Island, Knightsen and Byron.
Home Point Real Estate Works with Buyers, Sellers, and Real Estate Investors.
Right now is one of the Best Times to Invest in Real Estate – Click here for the Free Book of Real Estate Investing.
Find out the 19 Things You Need to Know to Short Sale Your Home or What do you need to Know to Buy a Short Sale Home.
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