HAFA Backlog at Bank of America!
HAFA just rolled out in April and now Bank of America is stating that they are falling behind in the HAFA process since so many people are now wanting to qualify for the program. Usually the program should take up to 60 days. Bank of America advised me today that the entire process may go up to 75 days for final approval. It is very important to start the program early and have a complete packet before you receive an offer on your property. This way, we can enter the information into Bank of America's computer system which takes time off the wait. I also have the ability to deal directly with Vice Presidents and Managers at BofA's HAFA team located in Texas.
The program is great if you need $3,000.00 to move into another home etc, and that the bank and or investor behind your loan legally cannot come after you since this is a Federal government program. Minimun requirements are: Principal residence and not an investment property and your mortgage payment is more than 31% of your gross monthly take home wage(s).
To find out if you qualify for HAFA, please contact me directly at: 702-768-2552 or email me: michael@lvrealty4sale.com I can provide you with a free HAFA guide that lists the qualifications you will need to be approved for this awesome program! Get a fresh start, contact me today!