Real Estate in South Broward
Lorraine Angelil
954-951-5169954-951-5169

recent posts

Home Affordable Foreclosure Alternatives (HAFA) Program

If you can’t afford your mortgage payment and it’s time for you to transition to more affordable housing, the Home Affordable Foreclosure Alternatives SM (HAFA) program is designed for you. HAFA provides two options for transitioning out of your mortgage: a short sale or a Deed-in-Lieu (DIL) of foreclosure. In a short sale, the mortgage company lets you […]

Short Sale VS Foreclosure Effects on Credit….

Your are facing foreclosure and don’t know if a short sale is the right option for you.  Here are a few points to consider: How will it affect your Credit: In a short sale, your credit is usually affected for just two years and your credit score lowered by 50-150 points. A foreclosure stays on […]

What is a short sale?

WHAT IS A SHORT SALE? A short sale happens when a homeowner owes more on his mortgage than his home is worth in today’s fair market value.  For example, if a home is only worth $300,000 but the owner has a mortgage balance of $450,000, then he will be $150,000 “short” when he goes to […]

Top Short Sale Myths…

There are several myths about short sales, don’t believe them. Here are the top myths…   You must be behind on your mortgage payments in order to qualify for a short sale. Not true. You don’t necessarily need to be behind on your payments to qualify for a short sale; must provide proof you will […]