Grand Avenue Realty & Lending
by Linda Gonzalez
Short sales and Loan Modifications. under MHA program
What is Making Home Affordable program?
Delivering Mortgage Relief
The Making Home Affordable Program (MHA) ® is a critical part of the Obama Administration's broad strategy to help homeowners avoid foreclosure, stabilize the country's housing market, and improve the nation's economy.
Maybe your expenses have increased due to medical bills or you're picking up the pieces after a separation or divorce. Maybe you're trying to get by with less because your hours were cut or your business stumbled. In any case, it's important to be proactive. MHA ® can help you get real help and real answers right now.
What is Short Sale?
Home Affordable Foreclosure Alternatives (HAFA) Program
If you can't afford your mortgage payment and it's time for you to transition to more affordable housing, the Home Affordable Foreclosure Alternatives® (HAFA) program is designed for you. HAFA provides two options for transitioning out of your mortgage: a short sale or a Deed-in-Lieu (DIL) of foreclosure. In a short sale, the mortgage company lets you sell your house for an amount that falls "short" of the amount you still owe. In a DIL, the mortgage company lets you give the title back, transferring ownership back to them.
In either case, HAFA offers benefits that make the transition as favorable as possible:
Linda Gonzalez Short sales and Loan Mod. in CA