What is HAFA?
Home Affordablity Foreclosure Alternative- is "the government Short Sale". If you feel like you can no longer afford your home and want to avoid the negative effects of a foreclosure you may want to consider the HAFA Program-(Only eligible until December 31st 2012).
What is HAFA?
Provides other alternatives; such as a short sale
Offers benefits to proactive homeowners
Provides homeowner with $3,000 relocation assistance
Releases homeowner from future liability
- No Deficiency Judgments
- No Cash Contributions at Closing
- No Promissory Notes
Encourages cooperation from subordinate lien holders by offering up to $6000 + at closing
Eligilbity Requirements
- House must be primary residence
- First lien (mortgage) cannot be a government (FHA) loan
- Originated prior to 1/1/09
- Mortgage is delinquent or default is foreseeable
- Current upaid principle balance is under $729,750
- Total montly mortgage payment exceeds 31% of monthly gross income
What is HAFA?
For detailed information or a free consultation contact;
Adell Forbes
954-867-4798
COLDWELL BANKER RE
600 N Pine Island Rd, Ste 150
Plantation FL, 33324
http://www.floridamoves.com/forms/ContactMe.aspx?agent=83260&abrand=83260&linkid=9
DISCLOSURE-It is important to know that before completing a short sale you should seek the advise of an Attorney or CPA to advise you of the potential outcome. Even if you accept our offer and use our service; your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit.
Comments(2)