HAFA Welcomed Changes - 01/18/11 09:54 AM
After 10 months of operations the well intended HAFA (Home Affordable Foreclosure Alternatives) program designed to help with foreclosure alternatives including short sales, has qualified less than 700 short sales.  A far cry from the success many expected from this agency.  Finally the  Treasury Department has decided to loosen the requirements to try to qualify more families in need of the short sale option.  The new guidelines go into effect Some of the highlights include:
The subject property must either be owner occupied, OR it can be vacant for up to 12 months preceding the date of the HAFA Short Sale Agreement if the … (2 comments)

 
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Vanessa V. Simmons~Realtor

Columbus, OH

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