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HAFA ~ What Is It, & How Can It Help You?

By
Mortgage and Lending with SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) NMLS 223495

HAFA ~ What is it, and how can it help you? 

One in seven mortgages in the United States is not being paid.  Yours may be one of them.  If so, you need a REALTOR who understands HAFA.

The Home Affordable Foreclosure Alternative (HAFA) is a government program designed to help homeowners who can't afford their mortgages to get out from under without incurring future liability.

You'll need a REALTOR, since HAFA "aids eligible homeowners by pre-approving short sales before listing and releasing them from future liability for the first mortgage debt."

A special "thank you" to Nancy Keith, new Active Rainer in Knoxville, Tennessee, for publishing the video below.  WELCOME to Active Rain, Nancy!

Here's a quick overview, and a LINK to the website mentioned at the end of this video clip:

 

I'm Mike in Tucson, your preferred Tucson Mortgage Lender.

NMLS #223495

SUNSTREET MORTGAGE llc ~ Correspondent Mortgage Bank
Offices (AZ) Mesa, Tucson, Nogales, and Albuquerque, NM.

Comments (7)

Vickie Nagy
Coldwell Banker Residential Real Estate - Palm Springs, CA
Vickie Jean the Palm Springs Condo Queen

Mike, the CDPE video does make a great marketing tool for agents. Their materials are top-notch, as is your service!

Aug 25, 2010 06:18 AM
Stephen Sainte-Martin
Realty Direct Boston - Boston, MA

Mike:

 

Great information for the AR Community. Great Post.

Stephen

Aug 25, 2010 06:21 AM
Cara Marcelle Mancuso
Golden Girls with SW Desert Homes - Tucson, AZ
Call a Marana neighbor, I'm THERE!

Short, interesting video - but I personally appreciated the links.  Great resource.  I'll have to look into that September class.  Thanks Mike

Aug 25, 2010 08:04 AM
Connie Harvey
Pilkerton Realtors - Brentwood, TN
Realtor - Nashville TN Real Estate

Mike, this is great information. We just had a long discussion about this in our sales meeting yesterday. BTW, thank you for the card and disc. Watched it yesterday and want to consider it but not until next month. :)

Aug 25, 2010 08:20 AM
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Mike

Thanks for sharing the information of HAFA.

Good luck and success.

Lou Ludwig

Aug 25, 2010 04:32 PM
Mike Linkenauger
Jacksonville, FL
Short Sale Specialist Network

HAFA is a joke.  Only 12% of loans qualify for it...

Aug 28, 2010 04:21 PM
Mike Jones
SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) - Tucson, AZ
Mike Jones NMLS 223495

Mike,

No sale is a joke, in my humble opinion.  Nothing that the government has done recently has been a winner, but each program that lets someone sell, and someone else buy, is okay by me.  ...especially if I get to do the loan for the buyer.

Lou,

Good to see you.

Connie,

You're welcome!  Glad you liked the card.

Cara,

You instigated this with your question at lunch.  Thanks for commenting.

Stephen,

See you on your blog.

Vickie,

Thanks for being the first to comment.

Mike in Tucson

Aug 28, 2010 04:32 PM