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HAFA Foreclosure and Short Sale Information

Foreclosure is the legal proceeding in which a mortgagee, or other lienholder, usually a lender, obtains a court ordered termination of a mortgagor's equitable right of redemption. Usually a lender obtains a security interest from a borrower who mortgages or pledges an asset like a house to secure the loan. If the borrower defaults and the lender tries to repossess the property, courts of equity can grant the owner the right of redemption if the borrower repays the debt. When this equitable right exists, the lender cannot be sure that it can successfully repossess the property, thus the lender seeks to foreclose the equitable right of redemption. Other lienholders can and do use foreclosure, such as for overdue taxes, unpaid contractors' bills or overdue HOA dues or assessments.



The foreclosure process as applied to residential mortgage loans is a bank or other secured creditor selling or repossessing a parcel of real property (immovable property) after the owner has failed to comply with an agreement between the lender and borrower called a "mortgage" or "deed of trust". Commonly, the violation of the mortgage is a default in payment of a promissory note, secured by a lien on the property. When the process is complete, the lender can sell the property and keep the proceeds to pay off its mortgage and any legal costs, and it is typically said that "the lender has foreclosed its mortgage or lien". If the promissory note was made with a recourse clause then if the sale does not bring enough to pay the existing balance of principle and fees the mortgagee can file a claim for a deficiency judgement.


Minnesota Short Sale Information

Learn More about Short Sales

Minnesota Shortsale Hardship Letter Samples

Let a Minnesota Minnesota Short Sale Expert help you now, Call Joe Niece at 612-305-8487.

Did you know that the Government passed laws on April 5th 2010 to pay homeowners to do a short sale versus going into Foreclosure?

The Program is called HAFA and you can determine if you qualify by using the tool below.
HAFA or Home Affordable Foreclosure Alternatives Program.

Do You Qualify?


The Home Affordable Foreclosure Alternatives (HAFA) Program is the governments program to help homeowners avoid foreclosure.

HAFA gives incentives to lenders and homeowners to allow and complete a short sale or deed-in-lieu of foreclosure.

Are you eligible? Use the tool below to determine your eligibility:

Section 1 HAFA Questionaire


Is your loan owned or guaranteed by Fannie Mae or Freddie Mac?

Is the property your principle residence?

Is the Mortgage a first mortgage that closed before Jan 1 2009?

Have you missed payments or will you soon miss a payment?

Is your current unpaid balance less then $729,751?

Do your total monthy mortgage payments exceed 31% of your gross income?

Section 3 Borrower Information

Full Name:

Home Phone Number:

Email Address:

Short Sale Property Address:

City State, Zip Code:
   

 

Please press only once.


HAFA Homes Affordable Foreclosure Alternative



Protect Yourself from Short Sale and HAFA Scams

There are many people out there trying to scam homeowners by requesting up-front fees for HAFA short sales.
This is fraud. A CDPE-designated agent will never ask you for money.

MakingHomeAffordable.gov (MHA) provides the following guidelines:

1. Beware of anyone who asks you to pay a fee in exchange for counseling service or modification of a delinquent loan.

2. Scam artists often target homeowners who are struggling to meet their mortgage commitment or anxious to sell their homes.

3. Beware of people who pressure you to sign papers immediately, or who try to convince you that they can "save" your home if you sign paperwork or transfer over the deed to your house.

4. Never make a mortgage payment to anyone other than your mortgage company without their approval.

5. Do not sign over the deed to your property to any organization or individual unless you are working directly with your mortgage company to forgive your debt.

Foreclosure Information



Foreclosure Minnesota - Minnesota Home Foreclosure - Minnesota Foreclosure Sale -Minnesota HAFA Foreclosure Information
Afton Foreclosure -Afton Home Values - Afton Foreclosure Sale -Afton HAFA Foreclosure Information
Andover Foreclosure -Andover Home Foreclosure - Andover Foreclosure Sale -Andover HAFA Foreclosure Information
Anoka Foreclosure -Anoka Home Foreclosure - Anoka Foreclosure Sale -Anoka HAFA Foreclosure Information
Apple_Valley Foreclosure -Apple_Valley Home Foreclosure - Apple_Valley Foreclosure Sale -Apple_Valley HAFA Foreclosure Information
Arden_Hills Foreclosure -Arden_Hills Home Foreclosure - Arden_Hills Foreclosure Sale -Arden_Hills HAFA Foreclosure Information
Bayport Foreclosure -Bayport Home Foreclosure - Bayport Foreclosure Sale -Bayport HAFA Foreclosure Information
Belle_Plaine Foreclosure -Belle_Plaine Home Foreclosure - Belle_Plaine Foreclosure Sale -Belle_Plaine HAFA Foreclosure Information
Bethel Foreclosure -Bethel Home Foreclosure - Bethel Foreclosure Sale -Bethel HAFA Foreclosure Information
Big_Lake Foreclosure -Big_Lake Home Foreclosure - Big_Lake Foreclosure Sale -Big_Lake HAFA Foreclosure Information
Blaine Foreclosure -Blaine Home Foreclosure - Blaine Foreclosure Sale -Blaine HAFA Foreclosure Information
Bloomington Foreclosure -Bloomington Home Foreclosure - Bloomington Foreclosure Sale -Bloomington HAFA Foreclosure Information
East_Bloomington Foreclosure -East_Bloomington Home Foreclosure - East_Bloomington Foreclosure Sale -East_Bloomington HAFA Foreclosure Information
West_Bloomington Foreclosure -West_Bloomington Home Foreclosure - West_Bloomington Foreclosure Sale -West_Bloomington HAFA Foreclosure Information
Brooklyn_Center Foreclosure -Brooklyn_Center Home Foreclosure - Brooklyn_Center Foreclosure Sale -Brooklyn_Center HAFA Foreclosure Information
Brooklyn_Park Foreclosure -Brooklyn_Park Home Foreclosure - Brooklyn_Park Foreclosure Sale -Brooklyn_Park HAFA Foreclosure Information
Buffalo Foreclosure -Buffalo Home Foreclosure - Buffalo Foreclosure Sale -Buffalo HAFA Foreclosure Information
Burnsville Foreclosure -Burnsville Home Foreclosure - Burnsville Foreclosure Sale -Burnsville HAFA Foreclosure Information
Cambridge Foreclosure -Cambridge Home Foreclosure - Cambridge Foreclosure Sale -Cambridge HAFA Foreclosure Information
Carver_County Foreclosure -Carver_County Home Foreclosure - Carver_County Foreclosure Sale -Carver_County HAFA Foreclosure Information
Centerville Foreclosure -Centerville Home Foreclosure - Centerville Foreclosure Sale -Centerville HAFA Foreclosure Information
Champlin Foreclosure -Champlin Home Foreclosure - Champlin Foreclosure Sale -Champlin HAFA Foreclosure Information
Chanhassen Foreclosure -Chanhassen Home Foreclosure - Chanhassen Foreclosure Sale -Chanhassen HAFA Foreclosure Information
Chaska Foreclosure -Chaska Home Foreclosure - Chaska Foreclosure Sale -Chaska HAFA Foreclosure Information
Circle_Pines Foreclosure -Circle_Pines Home Foreclosure - Circle_Pines Foreclosure Sale -Circle_Pines HAFA Foreclosure Information
Columbia_Heights Foreclosure -Columbia_Heights Home Foreclosure - Columbia_Heights Foreclosure Sale -Columbia_Heights HAFA Foreclosure Information
Coon_Rapids Foreclosure -Coon_Rapids Home Foreclosure - Coon_Rapids Foreclosure Sale -Coon_Rapids HAFA Foreclosure Information
Cottage_Grove Foreclosure -Cottage_Grove Home Foreclosure - Cottage_Grove Foreclosure Sale -Cottage_Grove HAFA Foreclosure Information
Crystal Foreclosure -Crystal Home Foreclosure - Crystal Foreclosure Sale -Crystal HAFA Foreclosure Information
Denmark Foreclosure -Denmark Home Foreclosure - Denmark Foreclosure Sale -Denmark HAFA Foreclosure Information
Deephaven Foreclosure -Deephaven Home Foreclosure - Deephaven Foreclosure Sale -Deephaven HAFA Foreclosure Information
Eagan Foreclosure -Eagan Home Foreclosure - Eagan Foreclosure Sale -Eagan HAFA Foreclosure Information
Eden_Prairie Foreclosure -Eden_Prairie Home Foreclosure - Eden_Prairie Foreclosure Sale -Eden_Prairie HAFA Foreclosure Information
Edina Foreclosure -Edina Home Foreclosure - Edina Foreclosure Sale -Edina HAFA Foreclosure Information
Elk_River Foreclosure -Elk_River Home Foreclosure - Elk_River Foreclosure Sale -Elk_River HAFA Foreclosure Information
Elko Foreclosure -Elko Home Foreclosure - Elko Foreclosure Sale -Elko HAFA Foreclosure Information
Excelsior Foreclosure -Excelsior Home Foreclosure - Excelsior Foreclosure Sale -Excelsior HAFA Foreclosure Information
Falcon_Heights Foreclosure -Falcon_Heights Home Foreclosure - Falcon_Heights Foreclosure Sale -Falcon_Heights HAFA Foreclosure Information
Farmington Foreclosure -Farmington Home Foreclosure - Farmington Foreclosure Sale -Farmington HAFA Foreclosure Information
Forest_Lake Foreclosure -Forest_Lake Home Foreclosure - Forest_Lake Foreclosure Sale -Forest_Lake HAFA Foreclosure Information
Fridley Foreclosure -Fridley Home Foreclosure - Fridley Foreclosure Sale -Fridley HAFA Foreclosure Information
Golden_Valley Foreclosure -Golden_Valley Home Foreclosure - Golden_Valley Foreclosure Sale -Golden_Valley HAFA Foreclosure Information
Goodhue_County Foreclosure -Goodhue_County Home Foreclosure - Goodhue_County Foreclosure Sale -Goodhue_County HAFA Foreclosure Information
Ham_Lake Foreclosure -Ham_Lake Home Foreclosure - Ham_Lake Foreclosure Sale -Ham_Lake HAFA Foreclosure Information
Hastings Foreclosure -Hastings Home Foreclosure - Hastings Foreclosure Sale -Hastings HAFA Foreclosure Information
Hennepin_North Foreclosure -Hennepin_North Home Foreclosure - Hennepin_North Foreclosure Sale -Hennepin_North HAFA Foreclosure Information
Hilltop Foreclosure -Hilltop Home Foreclosure - Hilltop Foreclosure Sale -Hilltop HAFA Foreclosure Information
Hopkins Foreclosure -Hopkins Home Foreclosure - Hopkins Foreclosure Sale -Hopkins HAFA Foreclosure Information
Hugo Foreclosure -Hugo Home Foreclosure - Hugo Foreclosure Sale -Hugo HAFA Foreclosure Information
Hutchinson Foreclosure -Hutchinson Home Foreclosure - Hutchinson Foreclosure Sale -Hutchinson HAFA Foreclosure Information
Inver_Grove_Heights Foreclosure -Inver_Grove_Heights Home Foreclosure - Inver_Grove_Heights Foreclosure Sale -Inver_Grove_Heights HAFA Foreclosure Information
Isanti_County Foreclosure -Isanti_County Home Foreclosure - Isanti_County Foreclosure Sale -Isanti_County HAFA Foreclosure Information
Jordan Foreclosure -Jordan Home Foreclosure - Jordan Foreclosure Sale -Jordan HAFA Foreclosure Information
Lake_Elmo Foreclosure -Lake_Elmo Home Foreclosure - Lake_Elmo Foreclosure Sale -Lake_Elmo HAFA Foreclosure Information
Lake_Minnetonka Foreclosure -Lake_Minnetonka Home Foreclosure - Lake_Minnetonka Foreclosure Sale -Lake_Minnetonka HAFA Foreclosure Information
Lakeland Foreclosure -Lakeland Home Foreclosure - Lakeland Foreclosure Sale -Lakeland HAFA Foreclosure Information
Lakeville Foreclosure -Lakeville Home Foreclosure - Lakeville Foreclosure Sale -Lakeville HAFA Foreclosure Information
Lauderdale Foreclosure -Lauderdale Home Foreclosure - Lauderdale Foreclosure Sale -Lauderdale HAFA Foreclosure Information
Le_Sueur_County Foreclosure -Le_Sueur_County Home Foreclosure - Le_Sueur_County Foreclosure Sale -Le_Sueur_County HAFA Foreclosure Information
Lexington Foreclosure -Lexington Home Foreclosure - Lexington Foreclosure Sale -Lexington HAFA Foreclosure Information
Lilydale Foreclosure -Lilydale Home Foreclosure - Lilydale Foreclosure Sale -Lilydale HAFA Foreclosure Information
Lino_Lakes Foreclosure -Lino_Lakes Home Foreclosure - Lino_Lakes Foreclosure Sale -Lino_Lakes HAFA Foreclosure Information
Maple_Grove Foreclosure -Maple_Grove Home Foreclosure - Maple_Grove Foreclosure Sale -Maple_Grove HAFA Foreclosure Information
Maplewood Foreclosure -Maplewood Home Foreclosure - Maplewood Foreclosure Sale -Maplewood HAFA Foreclosure Information
Mayer Foreclosure -Mayer Home Foreclosure - Mayer Foreclosure Sale -Mayer HAFA Foreclosure Information
McCleod_County Foreclosure -McCleod_County Home Foreclosure - McCleod_County Foreclosure Sale -McCleod_County HAFA Foreclosure Information
Medina Foreclosure -Medina Home Foreclosure - Medina Foreclosure Sale -Medina HAFA Foreclosure Information
Mendota_Heights Foreclosure -Mendota_Heights Home Foreclosure - Mendota_Heights Foreclosure Sale -Mendota_Heights HAFA Foreclosure Information
Minneapolis Foreclosure -Minneapolis Home Foreclosure - Minneapolis Foreclosure Sale -Minneapolis HAFA Foreclosure Information
Minneapolis Calhoun Isles HAFA Foreclosure Information
Minneapolis Camden Foreclosure -
Minneapolis Central Foreclosure -
Minneapolis Longfellow Foreclosure -
Minneapolis Nokomis Foreclosure -
Minneapolis North Foreclosure -
Minneapolis Northeast Foreclosure -
Minneapolis Phillips Foreclosure -
Minneapolis Powderhorn Foreclosure -
Minneapolis Southwest Foreclosure -
Minneapolis University Foreclosure -
Minnetrista Foreclosure -Minnetrista Home Foreclosure - Minnetrista Foreclosure Sale -Minnetrista HAFA Foreclosure Information
Minnetonka Foreclosure -Minnetonka Home Foreclosure - Minnetonka Foreclosure Sale -Minnetonka HAFA Foreclosure Information
Minnetonka_Beach Foreclosure -Minnetonka_Beach Home Foreclosure - Minnetonka_Beach Foreclosure Sale -Minnetonka_Beach HAFA Foreclosure Information
Mound Foreclosure -Mound Home Foreclosure - Mound Foreclosure Sale -Mound HAFA Foreclosure Information
Moundsview Foreclosure -Moundsview Home Foreclosure - Moundsview Foreclosure Sale -Moundsview HAFA Foreclosure Information
New_Brighton Foreclosure -New_Brighton Home Foreclosure - New_Brighton Foreclosure Sale -New_Brighton HAFA Foreclosure Information
New_Hope Foreclosure -New_Hope Home Foreclosure - New_Hope Foreclosure Sale -New_Hope HAFA Foreclosure Information
New_Market Foreclosure -New_Market Home Foreclosure - New_Market Foreclosure Sale -New_Market HAFA Foreclosure Information
New_Prauge Foreclosure -New_Prauge Home Foreclosure - New_Prauge Foreclosure Sale -New_Prauge HAFA Foreclosure Information
Newport Foreclosure -Newport Home Foreclosure - Newport Foreclosure Sale -Newport HAFA Foreclosure Information
North_Saint_Paul Foreclosure -North_Saint_Paul Home Foreclosure - North_Saint_Paul Foreclosure Sale -North_Saint_Paul HAFA Foreclosure Information
Northeast_Anoka_County Foreclosure -
Northeast_Minnesota Foreclosure -
Northern_Chisago_County Foreclosure -
Northern_Minnesota Foreclosure -
Northfield Foreclosure -Northfield Home Foreclosure - Northfield Foreclosure Sale -Northfield HAFA Foreclosure Information
Northwestern_Anoka_County Foreclosure -
Oakdale Foreclosure -Oakdale Home Foreclosure - Oakdale Foreclosure Sale -Oakdale HAFA Foreclosure Information
Orono Foreclosure -Orono Home Foreclosure - Orono Foreclosure Sale -Orono HAFA Foreclosure Information
Osseo Foreclosure -Osseo Home Foreclosure - Osseo Foreclosure Sale -Osseo HAFA Foreclosure Information
Pine_Springs Foreclosure -
Plymouth Foreclosure -Plymouth Home Foreclosure - Plymouth Foreclosure Sale -Plymouth HAFA Foreclosure Information
Prior_Lake Foreclosure -Prior_Lake Home Foreclosure - Prior_Lake Foreclosure Sale -Prior_Lake HAFA Foreclosure Information
Ramsey Foreclosure -Ramsey Home Foreclosure - Ramsey Foreclosure Sale -Ramsey HAFA Foreclosure Information
Rice_County Foreclosure -
Richfield Foreclosure -Richfield Home Foreclosure - Richfield Foreclosure Sale -Richfield HAFA Foreclosure Information
Robbinsdale Foreclosure -Robbinsdale Home Foreclosure - Robbinsdale Foreclosure Sale -Robbinsdale HAFA Foreclosure Information
Rochester Foreclosure -Rochester Home Foreclosure - Rochester Foreclosure Sale -Rochester HAFA Foreclosure Information
Rosemount Foreclosure -Rosemount Home Foreclosure - Rosemount Foreclosure Sale -Rosemount HAFA Foreclosure Information
Roseville Foreclosure -Roseville Home Foreclosure - Roseville Foreclosure Sale -Roseville HAFA Foreclosure Information
Saint_Louis_Park Foreclosure -Saint_Louis_Park Home Foreclosure - Saint_Louis_Park Foreclosure Sale -Saint_Louis_Park HAFA Foreclosure Information
St_Louis_Park Foreclosure -St_Louis_Park Home Foreclosure - St_Louis_Park Foreclosure Sale -St_Louis_Park HAFA Foreclosure Information
Savage Foreclosure -Savage Home Foreclosure - Savage Foreclosure Sale -Savage HAFA Foreclosure Information
Shakopee Foreclosure -Shakopee Home Foreclosure - Shakopee Foreclosure Sale -Shakopee HAFA Foreclosure Information
Sherburne_County Foreclosure -
Shoreview Foreclosure -
Shorewood Foreclosure -Shorewood Home Foreclosure - Shorewood Foreclosure Sale -Shorewood HAFA Foreclosure Information
Sibley_County Foreclosure -
South_Dakota Foreclosure -
Spring_Lake_Park Foreclosure -
St Paul Foreclosure -
Saint_Paul Foreclosure -Saint_Paul Home Foreclosure - Saint_Paul Foreclosure Sale -Saint_Paul HAFA Foreclosure Information
St_Paul_Capital_Heights Foreclosure -
St_Paul_Central Foreclosure -
St_Paul_Como Foreclosure -
St_Paul_Crocus_Hill Foreclosure -
St_Paul_Daytons_Bluff Foreclosure -
St_Paul_Downtown_St_Paul Foreclosure -
St_Paul_Hazel_Park Foreclosure -
St_Paul_Highland_Area Foreclosure -
St_Paul_Hillcrest Foreclosure -
St_Paul_Home_Croft Foreclosure -
St_Paul_W_77th Foreclosure -
St_Paul_Mac_Groveland Foreclosure -
St_Paul_River_Road Foreclosure -
St_Paul_Phalen Foreclosure -
St_Paul_Riverview Foreclosure -
St_Paul_Cherokee Foreclosure -
St Paul_Southeast Foreclosure -
St Paul SE Foreclosure -
St_Paul_St_Anthony Foreclosure -
St_Paul_Midway Foreclosure -
St_Paul_Town_and_Country Foreclosure -
St_Paul_Merriam_Park Foreclosure -
St_Paul_Park Foreclosure -
St_Anthony Foreclosure -
Stillwater Foreclosure -
Sunfish_Lake Foreclosure -
Victoria Foreclosure -Victoria Home Foreclosure - Victoria Foreclosure Sale -Victoria HAFA Foreclosure Information
Wayzata Foreclosure -Wayzata Home Foreclosure - Wayzata Foreclosure Sale -Wayzata HAFA Foreclosure Information
West_Central_Minnesota Foreclosure -
West_St_Paul Foreclosure -
Western_Iowa Foreclosure -
Western_Wisconsin Foreclosure -
White_Bear_Area Foreclosure -White_Bear_Area Home Foreclosure - White_Bear_Area Foreclosure Sale -White_Bear_Area HAFA Foreclosure Information
White_Bear_Lake Foreclosure -White_Bear_Lake Home Foreclosure - White_Bear_Lake Foreclosure Sale -White_Bear_Lake HAFA Foreclosure Information
Woodbury Foreclosure -Woodbury Home Foreclosure - Woodbury Foreclosure Sale -Woodbury HAFA Foreclosure Information
Wright_County Foreclosure -
Wisconsin Foreclosure -

 Joe Niece is the number one home seller of pre-existing homes the 11 county metro area. The Niece Team was the number one partner in all of Minnesota in 2003. Joe Niece was the number one agent for REMAX in 2006, 2007 and 2008.

Joe Niece was the number one buyers agent in Minnesota in 2003, 2006, 2007 and 2008. If you want an agent that will help you find a buyer for your home, call him at 612-305-8487.

If you are a buyer and would like someone that is an expert to help you buy a home, call Joe Niece at 612-305-8487.


Are you facing foreclosure in Minnesota? If you need a Minnesota short sale expert or you are thinking about a Mn short sale and do not know what to do, the site offer tips on the short sale and foreclosure process, short sales in Minneapolis, mls short sales, short sale mortgage information and the most current up to date short sale 2009 information.



It does not matter if you are selling Eden Prairie Real Estate or Minneapolis Real Estate, all Minnesota real estate falls under similar foreclosure and redemption laws. The worst thing you can do is let your Minnesota home go into foreclosure. A Mn short sale will allow you to sell your Minnesota have as a short sale before you have a Mn foreclosure that will be on your record for 10 years.


 


Search every listing of every home for sale though we can no longer use the phrase search MLS because the RMLS initiated a Rule that prohibited the use of the term MLS. So every place that used to say search the MLS now says search Listing Search.