Joel S. Pate
Founder




Address:
851 E. I-65 Service Rd
Suite 304
Mobile , AL 36606

Office: 251.344.1084
Phone: 888.869.0420
Fax: 251.344.4480

 



 

 

 

 

 

 

 


Dear Friends,

American Family Funds, Inc. continues to fight to reverse the controversial rule that will eliminate the use of all Seller Contributed Down Payment Gifts.

We will update you on our progress.

Please note the information highlighted below in yellow-

HUD has clarified the Effective Date of the rule-

ALL CONTRACTS, INCLUDING ADDENDUMS MUST BE FULLY EXECUTED BY OCTOBER 30, 2007 for American Family Funds, Inc. TO FUND THE GIFT.

AFF WILL FUND YOUR DEALS INTO THE FUTURE AS LONG AS THE CONTRACT WAS SIGNED BEFORE OCTOBER 30TH, 2007.

ADDITIONALLY, WE BELIEVE THAT WE WILL SUCCEED IN OUR ARGUMENT WITH HUD THAT American Family Funds, Inc. MEETS THE SAME REQUIRMENTS AS NEHEMIAH AND THUS OUR DEADLINE SHOULD BE EXTENDED TO APRIL OF NEXT YEAR. WE WILL KEEP YOU UPDATE AS SOON AS POSSIBLE.

UNTIL THEN, SEND US ALL YOUR DEALS AND GET NEW ONES SIGNED BY OCTOBER 30, 2007.

Thank you for your business.

Sincerely,


Joel S. Pate
Founder and Chairman

PS: The way the Rule is written, we feel that an opportunity may exist for a continuance of business. Stay tune for that announcement.

American Family Funds,administrator for the Dove Foundation's Down Payment Gift Program provides downpayment gifts to homebuyers across the nation. You and your organization have been selectively identified as an active participant in the mortgage industry that may benefit from our programs offered. This is an advertisement. To be deleted, go to: http://www.tanzee.info/elephant/?email=%0%, and accept my apology in advance for any unintended inconvenience. American Family Funds 851 E I-65 Service Rd. Mobile AL 36606