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A new program to help avoid foreclosure


Much has been said over the past couple of years about the rate of mortgage default and residential foreclosure around the country.  As I have pointed out many times — and it’s no surprise to those most affected — the worst of this entire crisis has focused on five states — Florida, California, Arizona, and Nevada, plus Michigan, where the housing downturn began long before the national “mortgage meltdown.”  Nonetheless, no major market has completely dodged this bullet — even Austin, Texas, which has been noted as the first to enter recovery and possibly the strongest throughout the downturn.

I have written before about the rise in homeowner distress in Austin and Central Texas (Forclosure postings up), and government and mortgage lenders have been working to find ways to help.  One of the newest programs is called HAFA — Home Affordable Foreclosure Alternatives.  It is intended for borrowers who have failed to qualify for assistance under HAMP (the Home Affordable Modification Program). 

Here is a summary:

Home Affordable Foreclosure Alternatives Program (HAFA)

If you’re interested in learning more, you’ll find a wealth of information on my website, or just give me a call so we can discuss your situation.

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About Bill Morris, Realtor

More than thirty years of business experience (high tech, client service, business organization and start-up, including many years in real estate) tell me that service is the key to success and I look forward to serving you. I represent both buyers and sellers throughout the Austin metropolitan area, which means first-hand market knowledge is brought to bear on serving your needs: -- Seller Representation is a comprehensive process that begins with thorough market analysis and consultation, continues with properly staging the home to achieve the highest price possible in a reasonable time on market, a complete program of marketing and promotion, ongoing updates and communication, closing coordination, and follow-up throughout (and after) the sale. -- Buyer Representation is also full service: shopping, previewing, price and market consultation, contracting, negotiating, coordination of inspections, appraisals, repairs, and closing details, and follow-up beyond the closing of your purchase to ensure your lasting satisfaction. Because the real estate industry is becoming more sophisticated and challenging every day, you need a professional that understands the industry and is positioned to stay ahead of the game. I go the extra mile to help you achieve your goals. That's why I constantly research the market and property values so your home is priced effectively from day one. I also make sure the public knows your home is for sale by using innovative advertising and marketing techniques to attract potential buyers.

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