Archive for HAFA
Can I Qualify for the Home Affordable Modification Program ( HAMP)
What about me? Can I Qualify for the Home Affordable Modification Program ( HAMP)? The Treasury Department is offering a free online calculator that helps borrowers estimate whether or not they qualify for the Home Affordable Modification Program ( HAMP). The calculator is available at http://www.checkmynpv.com This tool assists with determining Net Present Value. NPV [...]
Homes Affordable Policy still Requires Hardship Affidavit
Hardship is Still a Factor in Getting Your Short Sale Approved! The Supplemental Directive policy enhancements to HAFA and the Making Home Affordable Program take effect on February 1, 2011. Changes say that it is no longer required for a servicer to verify financial information or to determine if the borrower’s total monthly mortgage payment [...]
Four Making Home Affordable Options | Keep My San Ramon Home
Four Making Home Affordable Options for Homeowners | Keep My San Ramon Home The Making Home Affordable Program offers four options for homeowners: (1) refinancing mortgage loans through the Home Affordable Refinance Program (HARP), (2) modifying first and second mortgage loans through the Home Affordable Modification Program (HAMP) and the Second Lien Modification Program (2MP), [...]
Keep My San Ramon Home | HAFA Deed in Lieu of Foreclosure
What is a HAFA Deed in Lieu of Foreclosure? A deed in lieu of foreclosure is specifically designed to help borrowers who are unable to afford their first mortgage and want to avoid foreclosure. With a DIL, you voluntarily transfer ownership of your home and all real property secured by your mortgage loan (Property) to [...]
Relocation Requirements Ease for HAFA Short Sales Effective February 1, 2011
Relocation Requirements Ease for HAFA Short Sales. Effective February 1, 2011 for HAFA consideration, the home currently must be or recently must have been the borrower’s principal residence. A property that has been vacant or rented to a non-borrower for not more than 12 months prior to the date of the Short Sale Agreement (SSA), [...]
Can I do a HAFA Short Sale? San Ramon, Danville, Dublin CA
Can I do a HAFA Short Sale? is a burning question for many borrowers today. People who want to do a short sale, need to do a short sale, but don’t know about the first steps to do a short sale. I like to think of HAFA Short Sales as ‘Short Sales with Benefits’ as [...]
For Loan Modification Efforts | HAMP Mortgage Servicer List
For Loan Modification Efforts | HAMP Mortgage Servicer List Over one hundred mortgage companies have agreed to participate in the Home Affordable Modification Program (HAMP). HAMP provides eligible homeowners the opportunity to modify their mortgages to make them more affordable. HAMP eligible borrowers unable to complete HAMP are to be considered for HAFA Short Sale [...]
What the Heck is Home Affordable Foreclosure Alternatives (HAFA)
What the Heck is Home Affordable Foreclosure Alternatives (HAFA)? is a question that I am often asked. Basically, after home retention options have been explored , most notably through Home Affordable Modification Program (HAMP), the Home Affordable Foreclosure Alternatives (HAFA) provides standard processes, documents and timelines along with incentive to servicers, borrowers and investorrs to [...]