Homeowners keep hearing about the great foreclosure alternatives through the government sponsored HAMP or HAFA, so how do they know if they qualify for the short sale incentive? The United States Department of Treasury has an easy evaluation process online called CheckMyNPV.com which checks to see if a mortgage would qualify for the Home Affordable Modification Program called HAMP. The homeowners must want to stay in the home. If HAMP is unsuccessful, the homeowner will be set up for the HAFA short sale process. Certain lenders who participate in the program will on a more streamlined process with an easier short sale.
View the website and see if you qualify. For more assistance please call Kristen Jurevich at 831.635.6719 to see if you qualify for the HAMP or HAFA programs.