Finally, Real Relief for Troubled Homeowners is Here!

On April 5th 2010, The US Treasury enacted a bill that gives distressed Homeowner across the nation a chance at redemption.

HAFA is the name, and it stands for Home Affordable Foreclosure Alternative. HAFA follows its older brother HAMP, Home Affordable Modification Program, who failed in the lofty pursuit of fixing the housing crisis by lowering distressed homeowners monthly mortgage payments.p>

The reason HAMP failed is because the problem lies much deeper than a couple hundred bucks less out of your checking account each month. The problem is rooted in the fact that Americans are paying interest on a property they bought for $750,000, which is now worth $400,000. The Government has realized that a “Short Sale” is the best way to combat this steep decline in prices and to allow buyers to purchase these properties at their current value.p>

The Government is giving underwater homeowners an exit strategy, through a “Short Sale”. And Uncle Sam will pay you… the homeowner, $3,000 under HAFA upon a successful short sale of their home, providing you with more time in the home and preventing foreclosure. They are also giving the Lenders up to $6,000 in addition to there payoff. The Homeowner will be able to walk away debt free, and the Lenders are not able to pursue with deficiency judgments. No Recourse!p>

It is the perfect ‘reset’ homeowners have been looking for. In reality, it is a reset button for all parties involved. The Lenders are not property managers, and are thrilled to have a qualified buyer take the reins. The buyer is getting in at the current market value, prices we haven’t seen since 2001.p>

Best of all, foreclosure is avoided, and that helps EVERYBODY. HAFA helps the homeowner from taking a 250-300 point hit on their credit score.p>

HAFA helps the neighbors whose homes drop an average of 9% when a home forecloses nearby, and most of all, it helps America pull itself out of the vicious cycle we have fallen into.p>

HAFA officially began April 5th, 2010 and as a Certified Pre-foreclosure Specialist, and your short sale and foreclosure resource, we can steer you through the entire process and out of troubled waters.p>