Who Benefits from a HAFA Short Sale?

The answer is everyone!  I just negotiated and closed another HAFA short sale in Palm Beach county on Friday.  The lender was Bank of America.  It actually took about 3 months for the short sale approval.  Bank of America has started outsourcing their HAFA short sales and there was some confusion as to which of their outsourcing companies was handling it.  We were able to get it straightened out.  The buyer hung in there because they were getting such a good price for the home that needed very little work.  The seller got seller's remorse last minute but realized the best thing to do was take the lenders offer.  The lender paid all of the seller's closing costs, paid the seller $3,000 towards moving expenses and waived the right for any future action to go after the deficiency.  So, now the seller will have no further obligations to the lender and they received $3,000 to help in their move.  Their credit was not terribly affected because they were able to stay current on all of their other bills.  This also helps when it comes to finding a rental property.  I benefit because the lender pays my commission and I am able to help the homeowner get out of a very stressful situation.  Finally a program that seems to be working!  If anyone gets an offer like this from their lender, I strongly recommend them taking it.  They could possibly purchase again in 2 years.