We are your Atlanta HAFA
Short Sales Team



Our team of highly experienced agents along with our loss mitigation specialists have helped hundreds of Atlanta families through the short sale process.  We will bring you the same level of dedication. 

You lender has assessed your situation and has determined that you are HAFA eligible. You can stop worrying about foreclosure today and make plans to move forward.

What does it mean to be eligible and how will the HAFA program benefit you? Find the answers to your questions below.

What does HAFA stand for?
Also known as the "April Program," HAFA stands for Home Affordable Foreclosure Alternatives. It's a brand-new government program that began on April 5, 2010, aimed at streamlining and incentivizing alternatives to foreclosure. Under HAFA, participating banks must work with you to help you avoid foreclosure.
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What are the "Alternatives" in HAFA?
HAFA provides two alternatives that will allow you to avoid foreclosure:
• Short Sale – If you owe more on your home than it is now worth, a short sale will help you sell your home and save yourself from financial ruin. According to HAFA, a real estate agent must be involved in this process. Agents with the CDPE designation are specially trained to help you with a short sale.
• Deed-In-Lieu – This is where the bank accepts the deed of your home instead of ("in-lieu of") foreclosure. You do not get to keep your home, but your mortgage debt is forgiven.
HAFA also provides up to $3,000 in Borrower Relocation Assistance to help you transition beyond a short sale or deed-in-lieu of foreclosure.
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Why should I consider a HAFA short sale?
HAFA sets distinct guidelines and incentives for banks and lending companies so that you will know whether or not you can complete a short sale. One of the common myths about short sales is that they take forever to complete. HAFA makes sure that short sales happen more quickly by streamlining the short sale process.
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How is HAFA different from a short sale?
The main issue with traditional short sales was that they took too long, and it was difficult to keep buyers interested in the process. HAFA is a program designed to speed up the short sale process and even gives banks incentives for each short sale they do. Also, after completing a HAFA short sale, you may be given up to $3,000 in Borrower Relocation Assistance to help you transition. During a non-HAFA short sale, there is no government incentive for banks to help you.
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Do I have to hire a real estate professional for a HAFA short sale?
Yes, but it doesn't cost you anything. Under HAFA, the real estate professional's fees may be deducted from the sale proceeds. It is a requirement of a HAFA short sale that you work with a real estate professional to help you through the process. Certified Distressed Property Experts - designated agents like ourselves understand this process. Call us to start helping you today 404-596-5682.
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How do I get started?
Your first step should be to contact us immediately. We can walk you through the HAFA process, assist you with the initial application process, and get your property into our marketing program for the best possible offer.
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Why am I considered eligible?
Most homeowners facing financial hardship can qualify for HAFA. You may have applied for a HAMP Trial Period Plan but did not qualify or were unable to complete the Trial Period Plan. Because of this, the next step is for your lender to determine your eligibility for HAFA. You met the requirements. If you are unsure about your eligibility, contact your lender or call us and we can assist.
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What's in it for me?
HAFA is the only program that gives you cash for avoiding foreclosure through a short sale or deed-in-lieu of foreclosure. If you complete a short sale or deed-in-lieu, then up to $3,000 in Borrower Relocation Assistance may be available to aid in your transition. This program seeks to ensure that no one will be left high-and-dry if they cannot afford their home. The biggest gain of HAFA, however, is that it helps you get your life back if you feel like there are no other solutions when faced with foreclosure.
• $3000 for Relocation Assistance
• Permission to sell for LESS than you owe
• Full release from liability (NO deficiency judgment, NO cash contribution, NO promissory note)
• Junior liens who accept incentives must also release you from liability
• No out-of—pocket costs for your real estate agent
• Streamlined review process
• Time to market the home
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How long does the process take?
HAFA speeds up the short sale process by putting in place distinct timelines that the banks — and you — must follow. Each step of the process has a defined amount of days in which it must happen. This keeps everyone on track. The longest minimal time expected in the HAFA short sale process is five months. However, the term of the SSA (Short Sale Agreement) may be extended at the discretion of the servicer up to a total term of 12 months if agreed to by the borrower, in accordance with the requirements of the investor.
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Who is the Southeastern Home Team?
The Southeastern Home Team of Solid Source Realty, Inc. is a team of highly trained short sale experienced agents well-equipped to help you sell your home. Our team leader, Amy Ransdell, is a CDPE, or Certified Distressed Property Expert. A CDPE is a real estate professional who has undergone specialized training in foreclosure avoidance options, specifically short sales. Amy Ransdell and her team of agents have assisted hundreds of families through the short sale process. As a team you will have over 100 years of combined real estate experience. If you are facing a financial hardship and may not be able to make payments on your home, and would like to know more about alternatives to foreclosure such as HAFA, contact us today.
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What is foreclosure?
If you are in a financial hardship or cannot make payments on your home, the bank can take your home away from you through a foreclosure, which leaves your credit horribly damaged, your security clearance compromised (if applicable), challenges your present and future employment, and you may still owe money to the bank. It's a nightmare situation that has been happening to millions of Americans. HAFA has been created to provide alternatives to foreclosure, and we are here to assist.
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What are the tax considerations of a HAFA short sale or deed-in-lieu?
The difference between the remaining amount of principal owed and the amount that the servicer receives from the sale must be reported to the Internal Revenue Service (IRS) on Form 1099C, as debt forgiveness. In some cases, debt forgiveness could be taxed as income. The $3,000 Borrower Relocation Assistance may also be reported as income. A short sale may have income tax consequences and/or may have a derogatory impact on your credit score. You should contact the IRS or your tax preparer to determine if you may have any tax liability.

In the case of a deed-in-lieu, the difference between the remaining amount of principal you owe and the current market value of the property must be reported to the Internal Revenue Service (IRS) on Form 1099‐C as debt forgiveness. In some cases, debt forgiveness could be taxed as income. The $3,000 Borrower Relocation Assistance may also be reported as income. You should contact the IRS or your tax preparer to determine if you may have any tax liability.
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Why would banks want to participate in HAFA?
Foreclosures are costly and expensive for banks. When a bank forecloses on a home, they become responsible for selling it. It's difficult for banks to sell foreclosed homes (banks are not in the business of buying or selling homes). HAFA provides a streamlined set of guidelines for banks and homeowners to do short sales—the best alternative to a foreclosure. Additionally, HAFA provides financial incentives to banks to participate in HAFA.
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Let’s Get Started.
Call our Team TODAY so we can start the custom marketing plan for your home!




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Amy Ransdell
Southeastern Home Team
Ph: 404-596-5682  -  Fax: 678-393-2204
1230 Johnson Ferry Road Suite F-10
Marietta, GA 
License # H-44948

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