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New HAFA Rules Can Make A Short Sale A Short Sale 

 

There is the usual red tape that one has to wade through but all in all this looks like a definite improvement over the short sale policies previously. This video provided by the NAR lays out the guidelines clearly and in plain speak. If you are a real estate agent, home owner, or a buyer, short sales are looking promising for all parties concerned.



This video compliments of The National Association of Realtors

 

 

 

 

 

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Sally Morris at Greenwood Realty in Greenwood SC offers buyers and sellers expert and friendly down to earth real estate solutions. Search all the listings at  www.RealEstateGreenwoodSC.com and contact Sally Morris O 864-538-0044 C 864-344-1728 for all your real estate needs. I specialize in selling real estate, all kinds, all price ranges, any area, if it's real estate I can help you buy it or sell it.

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This post has been included in South Carolina Real Estate News Greenwood County, SC Real Estate News Greenwood, SC Real Estate News
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3 Comments on New HAFA Rules Can Make A Short Sale A Short Sale

APR
10
2010
319,243 Points Outside Blog Called Shot Master

Thank you for posting this video it is very informative and well done.
8:58am • #1
Outside Blog

FAHA appears to be a real move forward for real estate. I was pleased to see the video and felt that it was a positive message.
9:34am • #2
MAR
03
1 Featured Post Outside Blog

HAFA has been a big bummer, but we expected alot of this.  Hopefully the new guidelines will help some.  As one of the new HAFA program guidelines that went into effect Feb. 1st, 2011, the 31% debt to income ratio does NOT need to be proven by the borrower.  In other words, it is like a "stated income short sale" to some degree!  Pretty good news for the program.  We have a great discussion and info group for the HAFA short sale program, and we are releasing an updated HAFA guide next week as well - www.theshortsaleguide.com/group/hafaprogram
12:52am • #13

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Sally Morris

Greenwood, SC

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Greenwood Realty ( Greenwood SC )

Address: 225 By-Pass 72 NW Ste C, Greenwood, SC, 29649

Office Phone: (864) 302-9208

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