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foreclosure: HAFA – What Exactly Is It - 12/28/11 03:22 PM
Many of you have heard of Home Affordable Foreclosure Alternatives (HAFA), and know that it is a part MHA (Making Homes Affordable), which is a plan developed by the Obama Administration to assist Pembroke Pines homeowners in avoiding foreclosure. Do you really know what HAFA is all about?
If you are no longer able to own a home, or are simply finding that home ownership has become unmanageable, HAFA may be the answer. Through HAFA, you won’t owe any more for the property after leaving, and you will be free from the threat of foreclosure.
You may be eligible to apply … (0 comments)
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foreclosure: Avoiding a foreclosure on your home - 11/30/11 06:52 PM
Things change – it’s a fact of life. Our entire economy seems so much different now than it was 20 years ago. So many are without employment – due to job loss, medical reasons, a death in the family divorce or the loss of a second income, or simply the inability to be able to pay all of your bills.
If you are having financial issues, all of us at the Tello Team urge you to contact your lender immediately for assistance. Waiting to make that crucial contact may make the situation even worse. Holding off could in fact lead to … (0 comments)
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foreclosure: What Are The Benefits of a Short Sale on my Home? - 10/13/11 09:06 PM
All of us face hardship - some of us, in more ways than others. For some of us, those hardships place us in positions that we have never dreamed of being in. When hardships strike, whether it be a divorce, loss of a loved one, unemployment, or simply cannot afford to live in your home any longer – there are alternatives to foreclosure. Placing your home for sale as a short sale is one of those options.
In some cases, you may not be able to avoid foreclosure. However, the Tello Team wants you to know that you should look into … (3 comments)
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foreclosure: Great News for Florida Homeowners Being Affected By Possible Foreclosure - 04/11/11 01:14 PM
Great news! The state of Florida is expanding a $1,000,000 federal program that will keep up to 40,000 Florida residents from losing their homes to foreclosure. This could be huge!
A date has not been announced quite yet, but officials from the Florida Housing Finance Corporation will soon inform us of when this program will be taking effect.. That information is expected wihtin the next 2 weeks. The program, which is called the Hardest Hit Fund, wzs a pilot program in Lee County last year and will now go statewide.
Help with this program will come in 2 ways:
a. Option one - up to 6 … (0 comments)
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foreclosure: Avoid Foreclosure Scams - 03/12/10 10:27 AM
The possibility of losing your home to foreclosure can be terrifying. The reality that scam artists are preying on the vulnerability of desperate homeowners is equally frightening. Many so-called foreclosure rescue companies or foreclosure assistance firms claim they can help you save your home. Some are brazen enough to offer a money-back guarantee. Unfortunately, once most of these foreclosure fraudsters take your money, they leave you much the worse for wear.
Fraudulent foreclosure "rescue" professionals use half truths and outright lies to sell services that promise relief and then fail to deliver. Their goal is to make a quick profit through … (0 comments)
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foreclosure: Tips to Avoid Foreclosure - 02/01/10 10:41 AM
If you are in danger of facing foreclosure because you have defaulted on your monthly mortgage payments, you must act quickly before it's too late to negotiate a loan modification, and your home gets sold in a foreclosure auction. You may feel hopeless now, but there is still hope until that auction date arrives. Here are a few tips to help save your home from foreclosure.
1. During foreclosure proceedings, do not move out of your house so that you can still claim benefits such as, one-time FHA mortgage insurance, etc.
2. Mark your mortgage due date in red and prioritize … (0 comments)
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foreclosure: What really is the difference between a short sale, foreclosure and REO? - 02/01/10 10:28 AM
What is a Short Sale?
A short sale happens when a lender agrees to take less than the full loan payoff for an owner's property. In most cases, the owner is in default and is not making their payments for whatever reason.
Short sales, in most circumstances, are the first step to avoid foreclosure. Although the lender(s) will recover less than the total loan amount in a short sale, they may prefer this in lieu of foreclosure. The costs of foreclosing on a property may be more than the bank's loss by taking a short sale. Also, the property may … (3 comments)
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foreclosure: Do's and Don'ts of Foreclosure - 01/25/10 10:41 AM
Facing a foreclosure is a scary thing, but there are things you should do - and shouldn't do - to avoid making the situation worse.
· DO answer the phone and read your mail. Avoiding your lender won't make the problem go away. In fact, it will only make the problem worse. Your lender may be able to help you, so be sure to answer the phone and read any mail they may have sent you.
· DO realistically assess your situation.Are your financial problems temporary? If you are temporarily out of work and will be fine once you find a … (1 comments)
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Christopher & Natascha Tello
Pembroke Pines,
FL
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The Tello Team
Office Phone: (954) 237-0600
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