The details’ regarding new HAFA protocol for short sales was revealed in a recent interview with Laurie Maggiano, the director of policy of the US Treasury. The Federal government established the MHA (making home affordable) program which is responsible for creating guidelines regarding loan modifications, HAFA short sales and foreclosure prevention. Freddie, Fanny and the US Treasury all had different processes for short sales. These variations created unnecessary work for agents and sellers adding further frustration to an already stressful situation. The MHA program established a uniform process for all short sales by encouraging compromises from Freddie, … (0 comments)
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