Saturday, October 6, 2012

What is HAFA? --Stevensville MD

Okay, so all you have to do is listen to the radio, turn on the news, read a local newspaper and realize that there are alot of people in dire situations. Perhaps they have lost income due to job loss, health issues, divorce, etc. They are homeowners and are starting to feel the squeeze with keeping current on their mortgage or perhaps have found themselves already behind in their mortgage. What do they do? Are you one of them? Are you confused as to what to do? Who to talk to? Is there anything you can do? Or should you just walk away and leave it behind? You need the right answer right now, don't you? Before you make that decision, talk to me. Do you realize that right now, there are at least ten different options open to you to help you out of your housing situation? TEN! Surely at least one of them can be used to help YOU. I'm not going through all 10 of them in this blog. If you want to know what they are, I want you to call me so we can discuss them together. However, I am going to talk about a governent program that may help. You have no doubt heard about it but wasn't sure what it is. It is called HAFA (Home Affordable Foreclosure Alternative). I strongly encourage you to watch the video attached to the link to a clear and simple explanation of what this program is about. In 2009, the Treasury Department introduced this program to keep as many homeowners out of foreclosure as they could. It took effect on April 5, 2010 and is to expire December 31, 2012. Yes, within the next couple of months it is to expire. But wait!!!! News update! The HAFA Program has been extended to Dec 31, 2013 with a few changes attached. Quick highlights: Home no longer has to be owner occupied to qualify. $3,000 Relocation payment (but this is limited to owner occupied AND tenant occupied homes) You can now qualify even if you are current on your mortgage. Second Liens? You may receive up to $8500 to cover these. Last but not will have $0 balance and no deficiency judgements after closing. So, do you think maybe, perhaps, this may be what you need? Let's talk about it. Hi, I'm Lisa Longest and I am a CDPE . I put people above profit. I am a real estate professional in the Stevensville and surrounding areas and I look forward to helping you with your real estate needs. So feel free to contact me. I look forward to hearing from you. 443.786.4200

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