Distressed Arizona Homeowners May Qualify for the Short Sale Assistance Program (SSA)

Underwater Homeowner Update

May 22, 2012

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Distressed Arizona Homeowners May Qualify for the Short Sale Assistance Program (SSA) 

If you are financially distressed and can no longer afford your home or investment property in Arizona and are pursuing a short sale, you may be eligible for financial help with your relocation to alternative housing!

 

The funds come from the Arizona Department of Housing’s Save Our Home AZ program, part of the Short Sale Assistance Program (SAA).

 

Arizona Housing is making this transition assistance available to low- to moderate-income homeowners who may be eligible. You must:

 

·         Apply for the funds while actively engaged in a short sale before you complete the transaction.

·         Maintain their property until their house is sold.

 

For those who qualify, these state funds may be in addition to any transition assistance you may receive as a result of participation in the Home Affordable Foreclosure Alternatives (HAFA) program or any other pre-offer short sale program!!(Bank of America just came out with a program last week where you can get up to $30,000 for completing a short sale!!)

 

To find out more about the Short Sale Assistance Program and how your homeowners may qualify, visit the program’s website at http://www.azhousing.gov/. You can also direct your clients to call MyPadAZ’s Arizona Foreclosure Hotline at 623.252.3234 and identify themselves as Bank of America customers seeking SSA.

If you have questions, first contact your short sale specialists at MyPadAZ or by sending an email here

For urgent needs (such as a foreclosure postponement) or for escalation beyond your short sale team lead, contact MyPadAZ Short Sale Customer Care at 623.252.3234

Visit the Bank of America Underwater Homeowner’s Resource Center at http://www.arizonarealestateshortsalesphoenixaz.com/bank-of-america-short-sales/ for educational guides, news and resources to help you complete a short sale with Bank of America.  

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