Home Affordable Foreclosure Alternatives Program (HAFA) Extends Its Deadline To Property Owners
Online, March 11, 2013 (Newswire.com) - The Department of Treasury recently approved, in supplemental directive 12-07, that the Home Affordable Foreclosure Alternatives program, or HAFA, has been extended for another year through the end of 2013. The program provides options for homeowners who owe more on their home than the property is worth and are in danger of foreclosure, primarily through short sales and deed-in-lieu.
The HAFA program which was originally created in 2009 provides assistance for qualifying homeowners who are facing a difficult financial situation. The program also offers incentives including a $3,000 relocation fee.
CEO & President Glenda Brass of ExitWithDignity.com says, "For distressed homeowners, the HAFA program provides options that homeowners did not have early in the foreclosure crises. It also helps protect these homeowners and make sure that the short sale process is as easy as possible."
A short sale occurs when the bank agrees to buy the home for less than is owed on the mortgage. In many cases, this is the best option for the bank and the homeowners. HAFA creates guidelines which banks and servicers must adhere to in order to execute a short sale.
As a Certified Distressed Property Expert (CDPE), Brass is specially trained to help homeowners who are facing foreclosure. "Homeowners believe when they are faced with foreclosure they have no alternatives, but they have options," explains Brass. This myth could be nothing further from the truth and homeowners have the right to know."
Brass has developed a free report with more information on the HAFA program and the options available to homeowners facing foreclosure. The report, entitled, "Struggling to Make Your Mortgage? Uncle Sam May Pay You to Sell Your House!," is available via the website at www.exitwithdignity.com. For more information about the HAFA Program or to learn about other homeowner options such as Short Sales, contact Glenda Brass at 310.345.9707 or via email at glendabrass@glendabrass.com.
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ABOUT EXIT WITH DIGNITY.COM:
ExitWithDignity.com is owned and operated by real estate expert Glenda Brass. The company provides assistance to homeowners who are facing financial difficulties with foreclosures and/or are upside down in their mortgage and want to pursue a short sale.
ABOUT GLENDA BRASS:
Glenda Brass has been in the Real Estate business for over 11 years. She and her husband Ted combined their businesses in 2004, establishing Brass & Brass Enterprises, LLC, of which ExitWithDignity.com is a DBA. Previously Glenda worked as a mortgage professional. Glenda is a pillar in the community where she contributes to local newspapers and periodicals and is often called upon for articles, quotes, and input to articles by community papers. She focuses much attention to the education of the community and regularly teaches through West Angeles CDC and other non-profit institutions. Glenda has a bachelor's degree in business management and an MBA as well as numerous miscellaneous real estate certifications. She received her real estate license in 2005.