new housing guidelines: Wow! New Housing Guidelines announced yesterday by the Obama Administration....
- 12/01/09 08:22 AM
Home Affordable Foreclosure Alternatives Program (HAFA) Wow! New Housing Guidelines announced yesterday by the Obama Administration....--Allows borrowers to receive pre-approved short sale terms before they list the property-Prohibits servicers from requiring a reduction in commission (up to a certain percent)-Requires borrowers to be fully released from future liability for the 1st mtg debt-Provided financial incentives: 1,500 for borrower relocation assistance, 1,000 for servicers to cover admin and processing costs, and $1,000 for investors.Program does not take effect until 4/5/10 but servicers may implement it before then if they meet certain requirements. Program expires 12/31/12What do you think about them apples?... … (7 comments)
Home Affordable Foreclosure Alternatives Program (HAFA)
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