HAFA-THE Home Affordable Foreclosure Alternative Program

Looking To Avoid Foreclosure?

My Team Of Short Sale Specialists
can help you Short Sale your home
and avoid Foreclosure!

Call me today for information  ... 661-309-2364

In 2009, the Treasury Department introduced the HAFA program to provide a viable option for homeowners who are unable to keep their homes through the existing Home Affordable Modification Program (HAMP). The HAFA program took effect on April 5, 2010 and was set to expire on December 31, 2012.

On October 24, 2011, the federal government announced changes to the Home Affordable Refinance

Program (HARP) that will make it easier for homeowners with at-risk mortgages to refinance their loans. Details of the program were to be available by November 15 with some mortgage lenders ready to refinance loans under the new rules by December 1.

The enhanced HARP includes these changes:

• there will be no limit on the LTV ratio: borrowers who owe more than 125% of their home's value will now be eligible
• certain refinance fees previously charged to borrowers will be lowered or eliminated, especially for borrowers who shorten the terms of their mortgages to 20 years or less
• new appraisals will not be required in many cases
• lender liability will be eliminated for mortgages refinanced through HARP 
• the program will be extended through December 31, 2013

For details, see FHFA News Release: HARP Changes to Reach More Borrowers

Homeowners interested in using foreclosure alternatives under HAFA should contact their Lender to see if they meet the eligibility requirements and inform them of their desire to participate.

An overview of this Program can be found HERE

___

For help in Buying or Selling real estate
anywhere in Santa Clarita
do not hesitate to call
LeeAnn Bell at 661-309-2364 

My Team of Short Sale Specialists
can help you avoid Foreclosure
by Short Selling your current property
in the easiest way possible!

Call Us Today ... 661-309-2364

Below is what one client had to say about working with me:

"I think I appreciated your ability to explain all the important matters very simply to me."
-Emma P.

LeeAnn Bell, REALTOR®CalBRE License #01260650