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 for HAFA if you meet all of the following guidelines:
- You live in the home or have lived there during the last 12 months.
- You have a documented financial hardship.
- You have not purchased a new house within the last 12 months.
- Your first mortgage is less than $729,750.
- You obtained your mortgage on or before January 1, 2009.
- You have not have been convicted within the last 10 years of felony larceny, theft, fraud or forgery, money laundering or tax evasion, in connection with a mortgage or real estate transaction.
Are you ready to take the next step? Do you need more information on HAFA, or any other program that may help you avoid foreclosure? Contact the Tello Team today, and let us show you how we can help. Call us today at 954-237-0600.
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