What is HAFA?

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.