What is HAFA? The Home Affordable Foreclosure Alternatives (HAFA) Program is a government sponsored initiative overseen by the US Treasury Department and administered by Fannie Mae assisting all Home Affordable Modification Program(HAMP) -eligible homeowners in avoiding foreclosure specifically through Short Sales or Deed-in-lieu of foreclosure.
To obtain more information, you may visit my website at :
www.wheretoliveinorlando.com
Good news for homeowners who are facing foreclosure is effective June 1, 2012, HAFA has extended the deadline to December 31, 2013 from December 31, 2012.
HAFA is a great alternative to foreclosure and even pays the homeowner for relocation expenses in the amount of $3000.00 to owner or tenant occupied properties at the time of short sale. Prior to June 1, 2012, HAFA incentive did not include tenant occupied properties.
In addition HAFA deadline change and occupancy changes, there are several other important changes that homeowners would greatly benefit from.
Though there are many resources available to learn about HAFA and HAMP programs, many homeowners who are facing foreclosure still don’t know about these programs or have tried in the past but didn’t get a positive result and gave up. Lenders such as Bank of America, Chase and many others are trying to lend a helping hand to assist homeowners facing foreclosure with alternatives.
If you or someone you know is facing Foreclosure, they don’t have to face it alone. There are many trained real estate professionals in short sales. One of the indicators that they are trained Short Sales, HAFA and HAMP is that they will have a CDPE logo on their website, their name or simply ask them!!
If you or someone you know is looking for a Clermont FL Short Sale agent, it's important to know whether the Short Sale agent has the qualifications and the experience to bring it to closing and assist the homeowner in distress from listing to closing. Call Beth Atalay at 407-929-1852 or visit www.wheretoliveinorlando.com
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