Desirée Patno Enterprises, Inc.
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Sell Your Home

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What is a short sale?

Short sales have been around a long time. However, with the recent crisis in housing they've gained traction as an alternative to foreclosure. In a short sale, your lender will approve a sale price lower than what you actually owe and will usually allow you to walk away from the difference. Keep in mind, many factors will impact the success of a typical short sale. Start the short sale process today.

What is a HAFA short sale?

HAFA, or Home Affordable Foreclosure Alternative, is a federal program administered by the Department of Treasury's Making Home Affordable initiative. A homeowner interested in short selling their home should first see if they qualify for a HAFA short sale. We can help you do that. For detailed information and to see if you're eligible, click the button below or contact our Short Sale Department. 

What is a traditional sale?

A "traditional sale" is what real estate used to be. A homeowner simply sells her home to a new buyer. Unfortunately, with so many homeowners currently underwater, meaning that you owe more on your home than you can sell it for, the market is tougher these days than it used to be when trying to sell your home at a profit (or break even). 

Important links
and documents

  • What are HAFA requirements?
  • Which servicers participate in HAFA?
  • Where can I find approved counselors?
  • Does Fannie Mae own my loan?
  • Does Freddie Mac own my loan?
What do I need to give my Servicer?
  • Request for mortgage assistance
I'm ready to start. Now what?
  • download the short sale starter pack
What is a deed-in-lieu (DIL)?
HAFA provides homeowners with two options to transition out of a mortgage: first, where the servicer allows you to sell your home for less (short) than what you owe; second, by returning the title back thereby transferring ownership to the mortgage company. This second scenario is known as a Deed-in-lieu of foreclosure, or DIL.  
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  • Home
    • Distressed Properties
    • Short Sales >
      • Short Sale Portal
    • REO Disposition
    • Luxury Properties
    • Mods & Refis
    • Rentals
  • Blog
  • Homeowners
    • Sell your home
    • Modify your loan
    • Refinance your loan
  • Homebuyers
    • Current listings
    • Local Market
  • Resources
    • Industry Partners
    • Women
    • Resources
  • About
    • About Desiree
    • For Agents
    • Press
  • Contact