HAFA Short Sale Basics: Where do you start?
HAFA Short Sale Basics: Where do you start?
I have my first HAFA short sale going.
It took a while to get it all sorted out, but after going through my certification program it all made sense.
The most important thing to kick-start a HAFA (Home Affordable Foreclosure Alternative) short sale is that the seller must inititate the HAFA short sale.
They must contact the HAFA Division for that lender and state whether or not they would like to proceed with a HAFA short sale.
Even though you may have a 3rd party authorization on file, the seller alone must contact the bank to state their preference. After they have done this, then the bank will allow the 3rd party authorization.
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