Whitestone, NY

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

Assistance Program For Whitestone, 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

Whitestone is located in the northern most part of the borough of Queens. Flushing, College Point,
Bayside, Auburndale, Murray Hill and Linden Hill surround it. Whitestone is part of Community Board 7.

In the neighborhood of Whitestone, there are several bus lines available to residents. The Q16, Q44,
Q76, Q20B, Q34, Q50 and the QM2. The Q15 via 150th Street to Beechurst provides access to and
from the Flushing-Main Street station on the Number 7 subway line. It connects to the Throgs Neck
Bridge on the east and the Bronx-Whitestone Bridge on the west. The Bronx Whitestone Bridge takes
to you to the Bronx, other convenient highways to the Bronx from the Bronx-Whitestone Bridge are
the Whitestone Expressway and the Cross Island Expressway. New York City subways have no direct
connection to Whitestone.

Some notable residents of Whitestone were Harry Houdini and Rudolph Valentino.

Schools available to Whitestone residents include P.S. 79 Francis Lewis School, Holy Trinity School,
Junior High School 194 William Carr, P.S. 184 Flushing Manor, P.S. 193 Alfred J. Kennedy, P.S. 209
Clearview Gardens, P.S. 79 Francis Lewis, QSAC School, St. Lukes School and Whitestone Academy.

199-17 21 Ave
Whitestone NY 11357
Asking: $210,000
Selling: $200,000
1 Week
This Upper 2 BR Unit in Clearview Gardens features 1 Full Bath, LR, Dinette, Kitchen and a Maintenance of $768 which includes All Utilities. Visit CarolloRealEstate.com for more information

145-30 21 Ave
Whitestone, NY 11357
Asking: $565,000
Selling: $530,000


This Brick Attached Tudor in Whitestone features 3 BR, 1 Full Bath with Skylite, Half Bath, LR with Gas Fireplace, FDR, EIK, Full Finished Basement, 2 Car Detached Garage, Pty Driveway and Large Yard all on a 20x146 Lot! Visit CarolloRealEstate.com for more information

This Extra Large 2 BR Converted to a 3 BR Unit in Clearview Gardens is set in a Beautiful Courtyard Setting. Unit features 1 Full Bath, Lr/DR, Eat in Kitchen with New Refrigerator and Stove, 2 AC's, and Attic! Needs TLC! Maintenance Includes all Utilities as Well as Snow Removal, Garbage Removal, and Landscaping Visit CarolloRealEstate.com for more information

Asking: $208,000