A Preapproved HAFA Short Sale Benefits Sellers and Buyers

When I first heard about the preapproved HAFA short sale, my immediate reaction was to shun it.

I felt my sellers would be better served qualifying for HAFA when we received an offer. Boy, was I wrong. See, some agents think they are in control of the transaction if they ask for HAFA approval after receiving an offer. In many cases, they've lost control at that point. They just won't realize it for several months.

After closing a handful of these, it dawned on me that the preapproved HAFA was absolutely the way to go. I was right . . . read more about the preapproved HAFA short sale.

More Articles by Elizabeth Weintraub:

• First Step of a Short Sale
  
• Strategic Short Sales and HAFA
  
• Staging a Short Sale With Ryan Brown

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_{At the time of writing, Elizabeth Weintraub, DRE # 00697006, is a Broker-Associate at Lyon Real Estate in Sacramento, California.}