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" Short Sales "
Worksheet
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2003 - 2011  Mortgage2USA.com
The Home Affordable Foreclosure Alternative Program ( NAFA ) , know as the " Short Sales " Program, was initiated April 5, 2010 and will end December 31, 2012 and allows homeowners who qualify, to sell their homes at a price that is less than the amount owned on the First Mortgage without having to make up the difference. There are many areas involved in the " Short Sales " process and homeowners are advised to seek help form several sources including HUD Approved Housing Counselors, Realtors with " Short Sales " experience and Real Estate Lawyers where needed.
The following Professionals are involved in today's Mortgage Markets :
V.A. Mortgage Center
Links :
"Short Sale" Worksheet
Dept. Of Housing & Urban Development (HUD)
Realtors with Short Sale Experience
Real Estate Attorneys
Fannie Mae

Short Sale  Worksheet
In an effort to aid homeowners who have been effected by the economic situation over the past several years, the U.S. Government has established several Programs to help homeowners move out of homes they can no longer afford with as little damage to their credit as possible. Because these Programs involve several entities and considerable paperwork, the process can be overwhelming. While homeowners can try to maneuver the process themselves, it is recommended that they seek the help and advice of a HUD Approved Housing Counselor, a Realtor with "Short Sale" experience and a Real Estate Attorney if needed. The process can be difficult for the in-experienced, but help from the Government is available at NO COST. And most Realtors should also offer to help at NO COST, since they will earn a commission when the property is sold.
Freddie Mac
Making Home Affordable Website
IRS - Article on "Short Sales" Tax Implications
Most sources that homeowners can avail themselves of is FREE of Charge so beware of those who charge for advice. If you would like Mortgage2USA.com to point you in the right direction, we invite you to fill in this " Short Sale Worksheet ". We will respond via email with information that you can use at your convenience. There is no charge of course.
Example: Paul Smith
2. Email Address
4. City:
5. State
6. Zip
7. Estimated Amount Property could sell for
8. First Mortgage Current Balance Due
9. Type of Property ( Single Family, Condo, Duplex, etc. )
10. Please Check All the Areas you would like help with . . .
HUD Approved Housing Counselor
Who Owns my Loan
Realtor
Real Estate Attorney
Instructions: - Please fill in as much information as you can so that we can find the appropriate help for you.
1. Name
Example: Paul@att.net
3. Property Address