Graham Legal, P.A.
814 Ponce de Leon Boulevard Coral Gables, Florida 33134
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New Miami foreclosure alternative for homeowners

foreclosure defense attorney in Miami
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South Florida still has many homeowners that cannot afford their homes. Several purchased their homes at the height of residential home prices followed by the subsequent downturn of the economy. While the economy is slowly recovering, many homeowners aren’t bringing in the same household income that they did when they originally purchased their home.

In order to assist these homeowners who can’t afford their home mortgage, HUD has rolled out the new Home Affordable Alternatives Program. HAFA provides two options for these homeowners, a short sale or a Deed-in-Lieu of foreclosure, and financial support to help the families relocate.

Some of the benefits for using the HAFA program include:

  1. Deficiency, the amount owed by the original borrower after the sale of the property, is guaranteed to be waived.
  2. The mortgage company must work with the homeowner to determine an acceptable sale price.
  3. The mortgage company must work with the homeowner to determine an acceptable sale price.
  4. HAFA has less of a negative effect on your credit score than foreclosure or conventional short sales. When you close, HAFA may provide up to $10,000 for relocation assistance.

Not all mortgage servicers participate in the HAFA program. If you don’t feel comfortable going through the process alone, you don’t have to. The Graham Legal team has assisted many homeowners with foreclosure alternative programs, while protecting them from foreclosure. To speak with one of our experts, please feel free to email or call at any time. We’re here to help with Miami foreclosure needs.

If you don’t feel comfortable going through the process alone, you don’t have to. The Graham Legal team has assisted many homeowners with foreclosure alternative programs, while protecting them from foreclosure. To speak with one of our experts, please feel free to email or call at any time. We’re here to help with Miami foreclosure needs.

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