SAFAssist is not just for individuals facing foreclosure or who are unable to make payments on their home. We offer assistance as well to individuals who are making regular payments and need to sell their home quickly to move, but are uncertain if they can manage this situation financially because they owe more for the home than its selling price.
Individuals in this situation are often unaware that they can resolve this problem through a short sale, which usually does not require homeowners to be in default on their mortgage. A short sale occurs when you and your mortgage lender make an agreement that the lender will accept a payoff on your loan for less than the balance due.
If your home is now worth less than you owe on it, the time needed for the market to improve and raise your home’s value could take years or even decades. With a short sale, you do not have to wait until the value of your home increases, but you can move on in a timely manner, despite your financial predicament.
How Can SAFAssist Help?
Short sales can be an overwhelming process for many, especially if faced alone. They differ from standard real estate transactions in that more parties are involved in the process.
In a typical transaction, the parties involved are the seller, the seller’s real estate agent, the buyer and the buyer’s real estate agent. In a short sale, all of these parties are involved, as well as the seller’s loan servicer, a housing counselor, any junior lien holders, mortgage investors and insurers.
SAFAssist is a program that provides legal representation for individuals facing short sale. We service our clients through lender negotiations, with no out-of-pocket expenses to you, the property owner, as costs are paid only through sale proceeds. With SAFAssist, you will receive short sale attorney services, free credit counseling from Towne Mortgage of the Carolinas, and assistance in reducing long-term effects on debt liability and income tax ramifications. We take care of all transactions involved in selling your home through short sale for you in a timely manner.
To date, we have provided more than 367 participants with confidential and expert legal representation for short sales and foreclosures, placing nearly 200 active homes on the market. On average, these homes remain on the market for only 45 days before being sold.
Whether you are moving to a new city, found another house, or just need to move as soon as possible, but feel that you are unable to do so, we can help you sell your home … and do it fast.
We understand that affording one home is expensive enough, so having to potentially pay two mortgages because you are unable to sell your previous home is simply not an option. With SAFAssist, you can sell your home in a timely manner through a short sale.