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.

Take the Survey and See If You Qualify!

I’ve recently made some enhancements to my Website, and I wanted you to know about an extremely useful resource that I’m providing for homeowners in our community. There are a range of government programs available for those facing financial hardship, but it can be difficult to find out who is eligible for what. Just trying to sift through all of the conflicting information can be very frustrating.

To simplify this process, I have made free surveys available to help visitors learn about their eligibility for each program, as well as what the program can provide. You can access the surveys on my website here:

http://www.mike-bryantcanhelp.com/Eligibility

If you or someone you know is struggling with mortgage payments, this is the best time to act. There are dignified solutions that have become even easier to use. As a CDPE-designated agent, I am trained to gather all possible homeowner resources and provide the best possible solution.

If you have any questions or need immediate assistance, please don’t hesitate to contact me.

Remember, I’m always here to help.

• 

  Tax Credits for Solar Water Heaters

  A federal tax credit makes energy-efficient solar water heaters a more affordable and sustainable option for many homeowners. Read
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  Tax Credits for Replacing Heating and Cooling Systems

  Upgrading to an energy-efficient heating and cooling system can save hundreds on your utility bills and earn you a tax credit worth as much as $1,500. Read
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  Tax Credits for Replacing Your Roof

  Replacing your roof with a qualifying energy-efficient metal or asphalt roof can cut your cooling bill and earn you a $1,500 tax credit. Read
• 

  Tax Credits for Adding or Replacing Insulation

  A federal tax credit makes adding insulation an even cheaper way to improve your home’s energy efficiency and cut your heating and cooling bills. Read
• 

  Tax Credits for Replacing Windows, Doors, and Skylights

  If money seems to be escaping through drafty windows, doors, and skylights, this federal tax credit might make energy-efficient replacements more affordable. Read

Visit houselogic.com for more articles like this.

Copyright 2010 NATIONAL ASSOCIATION OF REALTORS®

Understanding the HAFA Program

I'm reaching out to my clients this month because of a big development in the real estate world. The rising number of foreclosures has spurred a government-led movement towards short sales and deeds-in-lieu of foreclosure.

Beginning April 5th, there is big news for homeowners in America who owe more than their home is worth and don’t know what to do about it. In an effort to slow the rising number of foreclosures, a government-backed program has been released: the Home Affordable Foreclosure Alternatives Program (HAFA). Basically, the program aims to save as many Americans from foreclosure as possible, which will also help to save the overall value of the surrounding communities.

Here's the short and sweet of it: HAFA offers incentives to lenders and homeowners who avoid foreclosure through short sales and deeds-in-lieu. HAFA also sets time frames that ensure lenders don't drag their feet in responding to homeowners.
To learn more and find out if you, or someone you know, might be eligible, you can download my free report here:

http://www.mike-bryantcanhelp.com/

With one in six homeowners struggling to make mortgage payments, there is probably someone you know who could use this information.

As a Certified Distressed Property Expert, I am trained specifically on how to assist homeowners dealing with financial hardship. If you know someone who needs professional help with foreclosure avoidance, please contact me right away, or forward this information to them.

Remember, I'm here to help.