Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x

Posted over 14 years ago

That's why the lady is a HAMP...or is it Jimmy HAFA?

If the corny title to this blog post didn't get your attention, I think that the details behind it will. Mike Moulton of Bee Home Solutions, Inc. in Charlotte, NC discusses the pros and cons of the government programs surround HAMP (Home Affordable Modification Program) and the HAFA (Home Affordable Foreclosure Alternatives) program. HAFA is designed for homeowners who have applied to HAMP for assistance but have had no success with their loan modification program. To participate in HAFA, homeowners must still meet HAMP’s eligibility criteria (principal residence, first-lien mortgage, serious delinquency, unpaid balance under $729,750, and a mortgage payment over 31 percent of gross income). Watch the video for more details. Bee Home Solutions, Inc. is a licensed real estate firm in NC and helps to provide numerous no fee solutions to homeowners facing foreclosure. 704-885-0488 begin_of_the_skype_highlighting 704-885-0488 end_of_the_skype_highlighting begin_of_the_skype_highlighting 704-885-0488 end_of_the_skype_highlighting.

Comments (2)

  1. I know Kevin, that is the strangest thing. It must be some formula only a select few are privy to.


  2. great post. why did the HAFA program come up with such a weird number for the ceiling of the unpaid balance?