About Land O Lakes' Alto Farms

The Federal Housing Administration (FHA) is giving struggling borrowers an opportunity to deed their property over to the lender in exchange for up to $2,000.

Under the Cash for Keys program, borrowers with FHA-backed loans who agree to a deed-in-lieu-of-foreclosure do not have to repay the mortgage.

To qualify, owners must face long-term financial hardship, put the house on the market at a fair price for at least 90 days, face no additional claims or liens other than the first mortgage on the house, and leave the property clean and in good condition. This is one possibility for homeowners behind in payments.

I really believe it is really hard for homeowners to make this decision. If a homeowner can ride out and keep making payments on their home and not fall behind in payments, many would say that would be the moral and right thing to do. Please don't just stop making payments because you feel like you have a bad mortgage product or are frustrated about falling housing values. It is a frustrating feeling, to be sure. A home buyer who is falling behind in payments and considering selling their home by shortsale, please pray through your decision, and do what you think is right. You may want to consider consulting with an attorney or accountant.

Please let me know if there is anything I can do for you if you are looking to sell your home. Be sure, I will treat you with respect and dignity. I will work hard to negotiate your shortsale. My commission is paid by your bank is a part of the negotiation process.

Warmly,

Stephanie LeFew

Tampa Home Buy Realty

Pre-Foreclosure experience since 2001

Tampa Bay Florida Realtor specializing in Shortsale Listings and Sales

813-624-3332 cell

www.TampaHomeBuy.com