Sunday, April 25, 2010

The Buzz About HAFA

You've probably read a lot about HAFA, or the Home Affordable Foreclosure Alternative. This is the government's new program to assist those homeowners who owe more than their home is worth, can't make their payments because of a financial hardship, and do not qualify for one of the Loan Modification Programs currently being offered. This information has been in all of the news lately, and as usual, there is a lot of confusion about what it is and what it will do. As with most new programs, we will need some time to pass to see how the lenders are going to handle this, but I think it may provide some much needed structure to the Short Sale and Deed in Lieu alternatives to Foreclosure.

I have installed a short You Tube presentation on the homepage of my Website, www.mike-bryantcanhelp.com that will help explain the basics of the program. If you know someone who might be in need of this help, please pass this along to them. When facing a foreclosure time is of the essence, so have them pick up the phone and call me if they have any questions. Better yet, call me with their contact information, and tell them I will call them within 24 hours!

Remember, I'm here to help.

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