What is the deal with HAFA? 

It’s a great way to help avoid foreclosure if you need to sell and owe more than your property is worth i.e. Short Sale.   

Benefits:

  •       Avoid Foreclosure
  •       Satisfy outstanding loan balance
  •       Receive cash to move - $3,000
  •       Up to $6,000 to settle junior liens… 2nd, 3rd loans
  •       Dee-In-Lieu… another option if unable to sell
  •       Commissions and Processing Fees paid up to 6% of contract price
  •       Credit reporting… “Settled for less than the full payment”. Typically much better than a foreclosure reporting 
  •       IRS reporting… IRS requires use of Form 1099C, as debt forgiveness. 

Information from https://www.efanniemae.com/sf/formsdocs/forms/184.jsp . This is a government…

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In 2010, I embarked on an overhaul of our LundTeam.com website.  It was much over-due.  The last LundTeam.com was the third website our team created.  And it was top of its class in 2001,  By today's standards it was mediocre at best.   Our new site will allow us to showcase our property more effectively and in Web 2.0 style.  

This blog section will be updated in the months to come.  We will decide whether to keep our www.LundREO.com wordpress blog.  

Either way, we hope you utilize our site and look forward to working with you in the near future.

Tyson Lund & The Lund Team

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