Home Affordable Foreclosure Alternatives Program (HAFA) On November 30, 2009, the Treasury Department released some exciting news and requirements for its new Home Affordable Foreclosure Alternatives Program (HAFA). As part of the Home Affordable Modification Program (HAMP), HAFA is set to assist distressed homeowners obtain pre-determined short sale agreements that will enable both buyer and … [Read more...]
Neighborhood Stabilization Program in Arizona: Free Money
If you are a local Realtor or someone who is thinking about buying a bank-owned home, you really can't afford not to know about the Neighborhood Stabilization Program. The federal Government gave about $120 million to this program and it is designed to help people who are buying a bank owned home live in the home for a period of time and in return, the government will give you money to do … [Read more...]
1% Down Payment FHA Loan – AKA National Stabilization Program
I have heard from more than one local Realtor that many mortgage professionals are telling them that there is a new FHA Loan that only requires only a 1% down payment. I have good news and bad news. First the bad: FHA has not changed their guidelines recently, they still require a 3.5% down payment. Now the good. FREE money. Money that I am pretty sure many, many people out there can … [Read more...]