When the
housing market crashed in 2008, millions of homeowners suddenly found
themselves in danger of losing their homes to foreclosure. To help these
homeowners, in 2009 the U.S. Treasury launched the Making Home Affordable (MHA)
program, which is comprised of several subprograms designed to help distressed
homeowners avoid foreclosure.
One of the most talked about elements of the MHA program is the Home
Affordable Foreclosure Alternatives program, or HAFA. The HAFA program creates
options for homeowners who owe more on their mortgage than the property is
worth and don’t know what to do. Even better, it allows relocation assistance
of $3,000 to be paid to eligible homeowners in this situation.
HAFA also helps the process go more quickly by mandating that banks
keep in contact and make decisions in a timely fashion. To
learn more, you can download my free report entitled “Struggling to Make Your
Mortgage? Uncle Sam May Pay You to Sell Your House!” by filling out the form
below.
As a real estate professional with the
Certified Distressed Property Expert (CDPE) designation, I offer all of my
clients the benefit of the best expertise and insights when it comes to
foreclosure avoidance.
Contact me at
cbreneman@prudentialindiana.com or 317.442.9786 if you would like to learn more
about how this program may be able to help you.
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