Short Sale Assistance Offered

In our last post we talked about Foreclosure Help and the programs available along with the criteria that must be met. In this final post of this topic we will inform about the program that offers assistance in the event that you have negotiated a Short Sale with the Lender instead of a Foreclosure. This program is called the Property Disposition Assistance. The description is, assistance is paid to the homeowner to cover moving expenses and rental deposits, the Homeowner MUST apply prior to the Short Sale or deed-in-lieu, Short Sale or deed-in-lieu must be executed. The maximum assistance available is $5,000 per household and is paid post-closing. The additional eligibility requirements are, the delinquency event must be ongoing with little or no expectation of recovery, this assistance cannot be used in conjunction with Home Affordable Foreclosure Alternative (HAFA) program, or payments from similar assistance using other Federal Funds. Hope this has helped inform you of options available for Foreclosure Help and Short Sale help. Feel free to ask any questions. Thanks