home affordable modification program: Home Affordable Foreclosure Alternatives (HAFA) To Be Announced Soon
- 10/13/09 12:27 AM
Home Affordable Foreclosure Alternatives (HAFA) may be announced by the U.S. Treasury sometime soon. "HAFA will offer financial incentives to both servicers and borrowers, and associated secondary investors, in order to facilitate a short sale or deed in lieu of the property", according to an article published in HousingWire.com. In addition, a Treasury official reported that borrowers will need to be eligible for the Home Affordable Modification Program (HAMP) in order to participate in the HAFA program. A program to streamline the short sale process and the extension of the $8000 first time buyer tax credit for another year or more … (0 comments)
The primary focus of my blog, "Avoid Texas Foreclosure" is to inform distressed homeowners of their options when: (1) their mortgage is currently in default; or, (2) they expect their mortgage to go into default.
In addition, I plan to offer usable information to my fellow agents as they represent buyers and sellers in distressed property transactions.
Home Affordable Foreclosure Alternatives (HAFA) may be announced by the U.S. Treasury sometime soon. "HAFA will offer financial incentives to both servicers and borrowers, and associated secondary investors, in order to facilitate a short sale or deed in lieu of the property", according to an article published in HousingWire.com.;)
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