Are you behind on your mortgage payment and fighting a losing battle as you try to prevent foreclosure? Have you reached the conclusion that the battle is over, and that all that needs to be determined is how badly your credit will be injured in the process? If so, recent changes to the Home Affordable Foreclosure Alternative (HAFA) short sale program might be an effective means for you to avoid the pain and stress of foreclosure. Read more about these recent Changes To HAFA Program, which go into effect on June 1, 2012.
What HAFA Is
The Home Affordable Foreclosure Alternative program is a government-sponsored program. Its sole purpose is to help struggling homeowners get out from underneath the financial burden of a home they can’t afford. Rather than go through the time-consuming (and stressful) foreclosure process, qualifying homeowners are able to sell their homes to buyers – traditional homebuyers or investors – who are willing to purchase the property if the seller’s lender will accept less than is owed on the mortgage, i.e., a short sale.
Read more about how HAFA is helping Phoenix short sale clients avoid foreclosure...
Comments(3)