Hot Off The Presses! HAFA Has Made Some Changes!

At the Tello Team we want to keep you informed.  With that said, we want to bring you up to speed on the changes to HAFA (Home Affordable Foreclosure Alternatives), which is a government-run program that assists all HAMP (Home Affordable Modification Program) homeowners with avoiding foreclosure through short sales or deeds-in-lieu.

If you cannot afford your mortgage, and transitioning to a more affordable housing situation is necessary, HAFA could be your answer. There are several updates and extensions to this program – those of which took effect this week on June 1, 2012.

Some of those updates and extensions are:

·       The deadline for applying was extended full year from December 31, 2012 until December 31, 2013.

·       There are now no longer occupancy requirements. The buyer cannot have purchased a residential property within the past 12 months.

·       Mortgage payments may now exceed 31% of your gross monthly income – if it keeps the homeowner current on their mortgage.

·       Your information will be sent to the Credit Bureau and will be reported. On credit reports, it will appear as Account Status Code = 13 (Paid or closed account/zero balance) or 65 (Account paid in full/a foreclosure was started).

If you are facing foreclosure and are not sure where to turn, contact the Tello Team. More information on our short sale services can be found at www.shortsalesoldnow.com. We can discuss your options, and find the program that would best suit your needs and situation. Call us today at 954-237-0600.

Get Ready! Here Comes Summer!

If you’ve been trying to think of some things you can do with your children this summer, or throughout the year, the Tello Team has a solution! Take your kids to the Miami Children’s Museum!

No matter the age, all children will find something to do at the Miami Children’s Museum. Offering summer camps, early childhood learning throughout the school year, and even edu-kits which you can borrow, your children will have fun and never realize they are learning new and exciting things each and every day!

Throughout the museum, there are over 15 exhibits for your family to explore, enjoy, and learn together. This is a hands-on museum, which offers children of all ages to play, touch, and learn through exploration. Exhibits such as the World Music Studio, Everglades Park, You and Me Teddy Bears, and even a Television Studio await the creativity and imagination of your entire family.

If you have been to the Miami Children’s Museum before, we invite you to go again. New exhibits are added constantly in the What’s New Gallery. Coming on June 9, this gallery will feature MiChiMu’s Summer Games – offering kids the chance to experience the Summer Olympic games through teamwork and different cultures, while having the opportunity to test their gymnastic skills and try an obstacle course.

All of us at the Tello Team hope you have a wonderful summer and get to spend some time with your families! If we can be of any assistance in your home search, please give us a call at 954-237-0600 or send us an email.

Learn How To Do Business With Bank of America at NAHREP

The Tello Team wants you to be informed with all aspects of your buyers and sellers needs. You are cordially invited to join NAHREP of South Florida, representatives of Bank of America, and servicers of Bank of America for an informative luncheon benefiting current and prospective homeowners.

Open to NAHREP members as well as non-members, attendees will learn and be informed of:

 1. New market changes in 2012 which will affect both current and prospective homeowners.

2. How Bank of America finds and selects REO and short sale listing agents.

3. New short sale changes taking place in 2012.

4. How the FHA 203K can assist in getting your customers into homes.

Be sure to register today to be a part of this informative and educational event, taking place on Wednesday, May 23 from 11:30 a.m. until 3:30 p.m. at the Doubletree by Hilton Miami Airport and Convention Center. Lunch is included, and members of NAHREP South Florida may register for a discounted price!

Things To Do In Hollywood

The Tello Team loves to introduce you to things to do in our area. Hollywood is not only a great tourist attraction, but offers entertainment galore for residents surrounding the town as well. From cultural experiences and casinos to nature spots, there is plenty for young and old alike!

Named one of America's Best Beach Boardwalks by Travel + Leisure magazine, the famous brick-paved Hollywood Beach Boardwalk stretches for nearly 2 ½ miles along the sand and ocean. Numerous shops and restaurants make this boardwalk a wonderful place to visit all throughout the year!

Enjoy a long bike ride while Hollywood Trails leads you on one of 4 excursions throughout Hollywood. You will bike between 6 and 30 miles along safe streets, beaches and mangroves, while enjoying the scenery and fresh air! Not only is this great exercise, but you will see parts of Hollywood you may not have ever seen before.

Hillcrest Golf and Country Club offers golf for all levels of experience. Boasting both 9-hole and 18-hole courses, Hillcrest offers a nice challenge for both beginner and seasoned golfers.

Be sure to bookmark this page so you can stay informed of all events happening throughout our area. If you are in need of real estate assistance, contact the Tello Team at 954-237-0600! We’d love to help!

What Can You Do In Fort Lauderdale?

The Tello Team wants you to be in the loop with everything happening throughout our area. For the next several weeks, we will be informing you of things to do in different towns and cities throughout Broward County. We hope you will find out something about each area that you never knew before!

Fort Lauderdale, FL has an abundance of things to do. Whether you are looking for things to do with kids, sporting events, dining spots, shopping, or special events – Fort Lauderdale truly is “the ideal place to live, to visit and to relocate a business”.

Throughout Fort Lauderdale, young to old can participate in :

·      The Everglades Holiday Park Tours – tour the Everglades on an air boat through the “Rivers of Grass”

·      Take surfing lessons at one of our many surf schools

·      Visit one of our many museums, such as the Bonnet House

·      Ride the bike trails through one of our many parks

·      Enjoy the Riverwalk

There are so many activities in Fort Lauderdale – we can’t list them all! Be sure to take some time, come to Fort Lauderdale, and find something you have never tried or done before.

If you are thinking of buying or selling a home, contact the Tello Team today at 954-237-0600. We’d love to help you with all of your real estate decisions!