Lorenzo M. Wooten Jr

With one in six homeowners struggling to make mortgage payments, there is someone you know who could use this information!

The Obama Administration’s Making Home Affordable Program includes opportunities to modify or refinance your mortgage. It also includes the Home Affordable Foreclosure Alternatives Program (HAFA) for homeowners who are interested in a short sale or deed-in-lieu of foreclosure.

MAJOR HIGHLIGHTS OF THE NEW HAFA PROGRAM:

• * HAFA was introduced to simplify and streamline the short sale process. HAFA accomplishes this in the following ways:
• · Compliments HAMP by providing viable alternatives for borrowers who are HAMP-eligible · Uses standard processes, documents and timeframes
• · Requires that borrowers be FULLY RELEASED from future liability for the debt ·
• Utilizes borrower financial and hardship information collected in conjunction with HAMP, eliminating the need for additional eligibility analysis ·
• Allows the borrower to receive pre-approved short sale terms prior to the property listing ·
• Homeowners qualify for $3,000 (updated March 26, 2010; was previously $1,500) in Borrower Relocation Assistance after a short sale or deed-in-lieu has been completed (may classify as taxable income in some cases)
• · Lenders pay ALL servicing fees — homeowners have no out-of-pocket expenses

HOW TO APPLY FOR HAFA

• Homeowners interested in utilizing foreclosure alternatives under HAFA are instructed to contact their lender if they meet the eligibility requirements and inform them of their desire to participate
• · Call or email today to get professional help on avoiding foreclosure and how to qualify for the HAFA program
• · Obtain a FREE home value report and values in your neighborhood, click on: www.myhomevaluereportbykw.com
• As a Certified Distressed Property Expert (CDPE), I am trained specifically on how to assist homeowners dealing with financial hardship.

Call today to get your questions answered!

Important links where you can learn more:

1. http://makinghomeaffordable.gov/hafa.html

2. www.cdpe.com

3. http://www.realtor.org/government_affairs/short_sales_hafa

Lorenzo M. Wooten, Jr. Realtor- Residential and Commercial

Keller Williams Preferred Properties

240-737-8196- Office

lwooten@kw.com

WWW.LORENZOWOOTEN.COM

There are options to help you avoid foreclosure and resolve delinquency on your loan, but you must act now! In an effort to slow the rising number of foreclosures, a government backed program has been released, called the Home Affordable Foreclosure Alternatives Program (HAFA). The program allows homeowners to sell their home for less than what is owed or to transfer their mortgage and mortgage title back to their lender. Either option then satisfies the mortgage loan debt (and all delinquency) and prevents foreclosure. Benefits of the program * Qualify for a cash payment towards relocation costs * Avoid the public filing associated with the foreclosure process * Eliminates the mortgage debt To learn more about this program, you can click on this link: http://makinghomeaffordable.gov/hafa.html To obtain a FREE home value report and values in your neighborhood, click on: www.myhomevaluereportbykw.com With one in six homeowners struggling to make mortgage payments, there is someone you know who could use this information! As a Certified Distressed Property Expert (CDPE), I am trained specifically on how to assist homeowners dealing with financial hardship. Call or email today to get professional help on avoiding foreclosure! Lorenzo M. Wooten, Jr. Realtor Keller Williams Preferred Properties 240-737-8196- Direct 240-734-5000 - Office lwooten@kw.com www.lorenzowooten.com

Email transcript to a 1^st time homebuyer on Monday, March 23, 2010:

Below is the link for Greater Washington Urban League, the agency who administers the HPAP program.

•1. Your first step is read more about HPAP at this link at http://www.gwul.org/programs/housing/hpap.

•2. Your second step is to contact one of their approved non-profit counselors that will prequalify for you this program. The counseling agency below comes highly recommended! They also offer 1st time homebuyer's class on Thursday from 11am to 1pm weekly and an evening class on the 1st Wednesday of every month from 6pm - 8pm. Their information is listed below:

Housing Counseling Service, Inc.

2410 17th Street, NW, Suite 100

Adams Alley Entrance

Washington, DC 20009

(202) 667-7006

www.housingetc.org

Greater Washington Urban League provides grant funds for first time homebuyers from 4,000 up to 40,000. The processing time will take about 3-4 weeks to be approved, but it would be well worth this time to access these funds.

•3. Call me today to learn about available homes and foreclosure homes in Washington, DC. You can also search for your new home on this link: My new home in Washington DC

Lorenzo M. Wooten, Jr.

Realtor

Keller Williams Preferred Properties

240-737-8196- Office

202-731-1365 - Cell

240-296-5079 - eFax

www.lorenzowooten.com

www.lorenzowooten.com

5 Tips for a Successful Home Remodel Posted By susanne In Homeowner's Toolkit, Real Estate, Today's Marketplace, Today's Top Story, Today's Top Story - As spring approaches, many homeowners grow eager to start remodeling projects to update and refresh their surroundings. Before getting started, it’s a good idea to hire a professional remodeler for a workable plan and better results, according to the National Association of Home Builders (NAHB). “A professional remodeler knows how to translate a homeowner’s dreams and budget into a beautiful reality,” said Donna Shirey, CGR, CAPS, CGP, president of Shirey Contracting in Issaquah, Wash. and 2010 chairman of NAHB Remodelers. “They have the expertise and skills to satisfy a customer while keeping the budget in check.” Here are five tips for planning a successful home remodel that you can enjoy for many years to come. 1. Compile a list of home remodeling ideas and draft a budget for the work. You likely have some projects in mind, such as modernizing the bathroom, renovating the kitchen, replacing windows or repairing the roof. Prioritize your wish list: Maybe you don’t have the budget for your dream remodel, but professional remodelers can maximize your dollars by doing the work in phases, suggesting budget-friendly products and materials and implementing creative design solutions. 2. Look for a professional remodeler to help plan the project. Start by searching NAHB’s Directory of Professional Remodelers at www.nahb.org/remodel. You’ll get a list of nearby remodelers to contact. Asking friends and neighbors for names of qualified remodelers will also help you find a match for your project. 3. Check the references and background of the remodeler. After you start speaking with remodelers and find one or two who match your project’s needs, be sure to conduct some background research by checking with the Better Business Bureau, talking to their references and asking if they are a trade association member (such as NAHB Remodelers). Remodelers with these qualities tend to be more reliable, better educated and more likely to stay on top of construction and design trends. 4. Agree on a contract. Talk over the details of the home remodeling project and begin reviewing the contract. You’ll want to check the remodelers’ insurance coverage, ask about any warranties on their work, know who is responsible for obtaining any building permits and understand the process for making any change orders after the contract is signed. Make sure that you and your remodeler see eye to eye before you sign on the dotted line. 5. Take advantage of the energy efficiency tax credits. If your remodel includes replacing windows or doors, adding insulation, installing new roofing, upgrading heating or air-conditioning units, updating the water heater or installing energy generating products (such as solar panels, heat pumps or wind turbines) then you can take advantage of federal energy efficiency tax credits through 2010 that will help defray costs and maximize your remodeling budget while reducing home energy bills. For more information, visit www.nahb.org.

What are the alternatives for homeowners that are "Underwater" on their mortgage? What options do you have to avoid Foreclosure in Prince George's County, Washington, DC or nationwide.

Home Affordable Foreclosure Alternative (HAFA). Learn how the government is helping out homeowners with a "Short Sale". Those homeowners that are "Underwater" on their mortgage, as seen on NBC Today.

Call or email with more details!!

View the link from NBC today:

http://www.msnbc.msn.com/id/21134540/vp/35796043#35796043

Learn more about HFAA

http://www.realtor.org/government_affairs/short_sales_hafa

Lorenzo M. Wooten, Jr.
Real Estate Professional
Keller Williams Preferred Properties
240-737-8196- Office
202-731-1365 - Cell
240-296-5079 - eFax
www.lorenzowooten.com