Hollis, NY

Hollis is located in the borough of Queens, NY and is bordered by Hillside Avenue to the north, Francis
Lewis Boulevard to the east, Murdock Avenue to the south and Far Rockaway branch of the Long Island
Rail Road to the west. Hollis is near Jamaica and Queens Village and is part of Community Board 12.

Hollis is in close proximity to John F. Kennedy International Airport, LaGuardia Airport, the Grand Central
Parkway, and the Long Island Expressway. Public transportation in the area includes the Long Island Rail
Road located at 193rd Street and Woodhull Avenue. There is also access to the Q2 and Q110 buses.

Hollis is located in District 29 and some neighborhood schools include I.S. 238 Susan B. Anthony School,
P.S. 118 Lorraine Hansberry, P.S. 134 Hollis, P.S. 35 Nathaniel Woodhull and private schools include Holy
Trinity Community Church and Yeshiva University High School.

Jamaica Avenue is where Hollis’ commerce lies. They have always been scattered with small affordable
stores but have lately become home to some top franchises such as Nine West, Gap and Marshalls.

Famous residents of Hollis includes Run DMC the Rap Group, rapper Ja Rule and Al Sharpton, civil
activist.

Hollis,NY Real Estate Agent | Hollis, NY Short Sale Specialist

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

Assistance Program For Hollis, 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