Real estate blog entries tagged with home affordable foreclosure alternatives by Cheri Smith (Total Property Resources)

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Home : Blogs : Cheri Smith : My Blog About the Bend Real Estate Market and General Real Estate Ramblings : Tag "home affordable foreclosure alternatives"

home affordable foreclosure alternatives: Are you eligible for a HAFA short sale? - 05/04/10 05:44 PM

On April 5, 2010 the Home Affordable Foreclosure Alternatives (HAFA) program went into effect. HAFA was designed to help owners who are unable to retain their home under the Home Affordable Modification Program (HAMP). HAFA provides incentives in connection with a short sale or a deed-in-lieu of foreclosure (DIL) used to avoid foreclosure. Servicers participating in HAMP are also required to comply with HAFA. HAFA provides the loan servicer, junior lien holder, and sellers incentives for these transactions and is designed to simplify and streamline short sales and deeds-in-lieu of foreclosure.
Who is eligible for HAFA?The borrower must meet the basic … (5 comments)

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