Real estate blog entries tagged with hafa by DORIS FREEMAN Realtor Hendersonville-Nashville (RELIANT REALTY LLC)

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Home : Blogs : DORIS FREEMAN Realtor Hendersonville-Nashville : DORIS's Blog - "TEAM MOTHER DAUGHTER" doris and sherri : Tag "hafa"

hafa: NEW SHORT SALE GUIDELINES - 07/12/10 11:51 AM

Fannie Mae and Freddie Mac have issured some guidelines for short sales. They are similar to those issued by the Treasurey Department but have included some time limits for lenders.
The Treasury Department plan. HAFA (Home Affordable Foreclosure Alternatives) which went into effect in April 2010.
The Treasury department plan:
Sets time limits for lenders to approve or reject Short Sale requests (10 days) It limits subordinate lien-holders from interfering with the process (no more than $6,000) Their are incentives for borrowers and lenders for completing the process (up to $3000 to borrowers) and streamlines the documentation necessary … (1 comments)

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Gallatin, TN

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