About Baldwin Harbor's Baldwin Harbor

Home Affordable Foreclosure Alternatives (HAFA) $3,000 Cash Relocation

Assistance Program For Baldwin Harbor, NY Homeowners. "Certain Terms Apply"

Exit Gracefully

​If homeownership is no longer affordable or the weight of homeownership has become too much to bear, Making Homes Affordable (MHA) has a program that allows you to exit gracefully from the property with $3,000 in relocation assistance. The HAFA short sale program is designed to help underwater sellers either modify their loans or sell their homes as a short sale to avoid foreclosure. Through Home Affordable Foreclosure Alternatives (HAFA), you won't owe any more for the property after selling, and you will be free from the threat of foreclosure. The benefit of a HAFA short sale is that you are no longer responsible for the difference between what you owe on your mortgage and the amount that your home sells for. That's right if you qualify you walk away free and clear!

Eligibility*

You may be eligible to apply if you meet all of the following:

• You live in the home or have lived there in the last 12 months.
• You have a documented financial hardship.
• You have not purchased a new house within the last 12 months.
• Your first mortgage is less than $729,750
• $934,200 for 2 units
• $1,129,250 for 3 units
• $1,403,400 for 4 units
• You obtained your mortgage on or before January 1, 2009.

• You are experiencing a hardship (such as a job loss, divorce or medical emergency) and are unable to afford your current home loan

• You owe more than your home is worth. (Contact Bisendra Melaram Today to Find What Your Home Is Worth)

• You must not have been convicted within the last 10 years of felony larceny, theft, fraud or forgery, money laundering or tax evasion, in connection with a mortgage or Real Estate transaction.

*Eligibility criteria are for guidance only. Contact your mortgage servicer to see if you qualify for HAFA Short Sale or just give Bisendra a call at 718-909-0233.

Program Availability

HAFA is available for mortgages that are owned or guaranteed by Fannie Mae and Freddie Mac or serviced by over 100 HAMP participating servicers. A list of HAMP participating servicers can be found here .

How Will HAFA Program Affect My Credit?

Although a short sale will have a negative effect on your credit, by completing this transaction, you may qualify for future credit sooner than if you allow your home to go through the foreclosure process.

While your lender works with you to complete a short sale, they will continue to report the status of your account to the major credit reporting agencies. If a short sale is completed on your property, your lender will report that your loan was "paid in full for less than the full balance."

You should only consider a short sale after you've explored all other options, including modifying your loan. Please visit my page NY SHORT SALE Information for a complete list of options you may want to consider.

You should contact a tax professional to gain an understanding of any tax implications.

For More Information

If you have additional questions about getting mortgage help contact Bisendra Melaram at (718) 909-0233. He will help you understand your options, design a plan to suit your individual situation, and prepare your application. Research shows that homeowners who work with an experienced HAFA Short Sale Specialist like Bisendra are more successful and have better long-term outcomes. There is no cost to you for this valuable, around-the-clock FREE service. Help is available contact him today!!!

Program Dates

Effective April 5, 2010 - Dec. 31, 2012

Baldwin Harbor, New York Homes for Sale & Baldwin Harbor, New York Real Estate

Baldwin Harbor, New York Homes for Sale

Baldwin Harbor, New York Real Estate

The Baldwin Harbor, New York Homes for sale and Baldwin Harbor, New York Real Estate report provides a snapshot of current community real estate activity as of 6/28/2010.

The hamlet of Baldwin Harbor is located in the Town of Hempstead, on the south shore of Nassau County,  Long Island. The hamlet shares the same zip code and school district, the Baldwin Union Free School District, with its sister hamlet, Baldwin.

 

    Baldwin Harbor New York Homes for Sale

There are 53 Baldwin Harbor, New York Homes for Sale as of June 28, 2010 The median list price is $449,000..

 

Listing Type	Homes Available	Median List Price	Number of Bedrooms	Number of Baths	Real Estate Taxes
Total	53	$449,000	4	2.5	$12,043

Of the 53 Baldwin Harbor New York Homes for Sale, there is 1 Baldwin Harbor, New York  Real Estate foreclosures and 6 Baldwin Harbor, New York Real Estate Short Sale properties

 

Listing Type	Homes Available	Median List Price	Number of Bedrooms	Number of Baths	Real Estate Taxes
Foreclosure	1	$224,000	2	1	$8,297
Short Sale	6	$374,500	4	2	$11,114

  

 Baldwin Harbor, New York Real Estate

The three month period March 29, 2010 to June 28, 2010, accounted for 14 Baldwin Harbor, New Tork Real Estate sales. The median sales price for this three month period was $434,500.

 

Listing Type	Homes Sold	Sales Price	List Price	Days on Market	Number of Bedrooms	Number of Baths
Total	14	$434,500	$456,500	96	4	2.25

 

Of the 14 Baldwin Harbor, New York Real Estate sales, there was 1 Baldwin Harbor, New York Real Estate short sale and no Baldwin Harbor, New York Real Estate foreclosures.

 

Listing Type	Homes Sold	Sales Price	List Price	Days on Market	Number of Bedrooms	Number of Baths
Short Sales	1	$475,000	$489,000	170	3	3

 Data Source: Multiple Listing Service of Long Island

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