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August 27, 2010

Does the Making Home Affordable Program work?

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Category: Home Sellers, Real Estate Info


The Federal Government instituted the Home Affordable Foreclosure Alternatives (HAFA) program earlier this year. It is yet another oar in the water in an attempt to stem the tide of potential foreclosures. It’s also yet another entry in the alphabet soup that distressed homeowners are wading through in an attempt to figure out their choices. Did you know that if you don’t qualify for HAMP (Home Affordable Modification Program), you may be eligible for HAFA? What if your loan is owned by Freddie Mac or Fannie Mae are they participating in the HAFA program.

If you’ve received a Notice of Default (NOD) from your lender, take action. It won’t be easy because many times the lenders seem to make it more difficult rather than easier for the homeowner to work with them to effect the best solution. What’s the best solution for you? There are many choices available and sorting through them can be a daunting task. For more information, check out this link.

The most important thing is to resist the urge to do nothing!  Check the link then call or write today to get started!

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