deed in lieu of foreclosure: Elkhart Real Estate Agent Evelyn Johnston on Home Affordable Foreclosure Alternatives Program (HAFA)
- 12/05/09 10:42 AM
According to Elkhart Real Estate Agent Evelyn Johnston with Prudential One Realty, the National Association of REALTORS(r) recently reported on the Treasury Department's release of the guidelines and forms for its new Home Affordable Foreclosure Alternatives Program (HAFA). HAFA is part of the Home Affordable Modification Program (HAMP). HAFA provides incentives in connection witha short sale or a deed-in-lieu of foreclosure (DIL) used to avoid foreclosure on a loan eligible for modification under the HAMP program. HAFA applies to loans not owned or guaranteed by Fannie Mae or Freddie Mac, which will issue their own versions of HAFA in coming weeks. HAFA … (0 comments)
deed in lieu of foreclosure: Elkhart County, Indiana Do You Have A Subprine Adjustable Rate Mortgage?
- 03/29/08 08:01 AM
President Bush signed the Hope Now initiative in December to slow the flow of defaulted subprime mortgage defaults. The non-profit HUD-approved Homeownership Preservation Foundation should have by now approximately 550 to 600 counselors staffing the phone to talk to concerned conusmers. The number is 888-995-4673. They estimate receiving around 2500 calls a day, so expect to be on the phone for a while. The counselor will ask for information about your financial situation and make a determination, including eligibility to participate in the initiative. So before calling gather your mortgage papers, income verification and monthly expenses together so you will be … (0 comments)
According to Elkhart Real Estate Agent Evelyn Johnston with Prudential One Realty, the National Association of REALTORS(r) recently reported on the Treasury Department's release of the guidelines and forms for its new Home Affordable Foreclosure Alternatives Program (HAFA). HAFA is part of the Home Affordable Modification Program (HAMP). HAFA provides incentives in connection witha short sale or a deed-in-lieu of foreclosure (DIL) used to avoid foreclosure on a loan eligible for modification under the HAMP program. HAFA applies to loans not owned or guaranteed by Fannie Mae or Freddie Mac, which will issue their own versions of HAFA in coming weeks.
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