EIB Realty Has Demonstrated Constant Success with Their Knowledge of Short Sales in the Western Region

Online, October 8, 2010 (Newswire.com) - A short sale is a sales transaction in which the seller's mortgage lender agrees to accept a payoff of less than the balance due on the loan. To be eligible for HAFA, homeowners must first apply for a loan modification, but home owners who do not qualify for a loan modification or miss payments during the initial loan modification period qualify for HAFA Short Sales.

HAFA is the HOME for Pre Approved Short Sale Information; Short Sales are expected to be on the rise in Arizona. HAFA Short Sale Program is the combined Treasury Department, Fannie Mae and Freddie Mac Programs which are the controlling Loan Modification and Short Sales rules.

Research shows the fastest growing segment in real estate of Arizona is the foreclosure and short sale homes for sale. There are a whole host of properties that are currently for sale, but may not be purchasable, due to competition of other houses in Arizona that does offer lower purchase prices. EIB Realty applies the highest standard of ethics and integrity to every aspect of our operations to ensure clients service second to none.

If you find a home you are interested in viewing, please try EIB Realty's exclusive at: http://www.eibrealty.com/pages/hafa-short-sale.html and Schedule a ShowingSM Showing Service

The staff at EIB Realty has been successful with keeping the real estate purchasing process as simple as possible, while keeping your housing needs a priority. The HAFA Short Sale program is hopefully going to streamline the lengthy approval time for Short Sales; which will prove to be a great benefit for those of you that are interested.

These HAFA Short Sale alternatives are available for all HAMP-eligible borrowers who: do not qualify for a Trial Period Plan and do not successfully complete a Trial Period Plan, but instead miss at least two consecutive payments during a HAMP modification, or request a Short Sale or deed-in-lieu.

With either the HAFA Short Sale or DIL, the loan servicer may not require a cash contribution or promissory note from the borrower and must forfeit the ability to pursue a deficiency judgment against the borrower. HAFA Guidelines HAFA simplifies and streamlines the Short Sale and DIL process by providing a standard process flow, minimum performance time frames and standard documentation.

EIB Realty hopes to be a trusted business partner with whom clients can form a long-term and mutually beneficial relationship. As such, EIB Realty applies the highest standard of ethics and integrity to every aspect of our operations with short sales. EIB Realty fully understands and respects the needs of our customers and pursues solutions for those needs with passion and commitment.