Saturday, May 26, 2012

Do You Owe More Than Your Camden County Home Is Worth?.

 As a HAFA Specialist My Team is the leading resource for Home Affordable Foreclosure Alternatives education and assistance.

Homes Affordable Foreclosure Alternatives (HAFA) is a new federal program that makes it easier for homeowners who owe more than their home is worth in today’s market or are unable to keep their homes. With a traditional short sale, properties take a lot of time to sell and close, making it very difficult to plan for your family's future and increasing the level of stress in an already difficult situation.
The availability of the new HAFA program means easier sales and faster closings while removing mortgage liability because HAFA simplifies and streamlines the process for doing a short sale or deed-in-lieu, by providing a standard process flow, minimum performance timeframes and standard lender forms and documentation. It also mandates full release from mortgage debt for the seller.


As a HAFA Specialist I have been able to assist numerous homeowners and their families take advantage of this program with full release of all mortgage liabilities, reducing credit impact and allowing a second chance at homeownership much quicker!

Why is HAFA the right choice if you qualify?
  • Provides you with $3000 dollars at close for relocation expenses
  • Gives you an upfront release value to sell the home
  • Gives you a min of 120 days and max of 360 days to sell the home
  • 10 business day approvals once a contract has been submitted for a approval
  • Permanent relief of all future liabilities associated with the loan from the Lender or Servicer
  • No Promissory Notes or funds required at close from the Borrower (i.e., seller)
  • No Deficiency Judgments
  • Mandatory Foreclosure Postponement
  • Decrease Borrowers time to re-establish credit and get a second chance at homeownership more quickly

Why should you work with a HAFA Specialist?
  • As a HAFA Specialist I:
  •  Know who is eligible and who is not!
  •  Understand the current U.S. distressed housing market
  • Have in-depth knowledge of the U.S. Treasury's HAFA program.
  • Know how Fannie Mae and Freddie Mac's HAFA programs work.
  • Have access to short sale evaluation tools for listing consults
  • Get HAFA program and Servicer updates as they occur
  • Have all the latest HAFA documents for the process  
A qualified HAFA agent will analyze your information and situation, and will explain your options available to you under recent changes to Federal guidelines and regulations.
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