first lien: HAFA Short Sale Potential Gotcha's! What to Look Out For Plus Links to HAFA Guidelines and Participating Loan Servicers
- 04/08/10 10:15 AM
For starters, if the borrower's servicer offers them participation in a HAFA short sale, they must respond within 14 days or lose the opportunity to participate. Without getting into all the technical details of HAFA, there are some things I think all borrowers and agents should be aware of to help in determining whether a HAFA short sale is advantageous. I have included a link to the actual HAFA Supplemental Directive 09-09 Revised with this article so you can read the details yourself. HAFA is the government's latest program to try to get short sales moving. It just went into … (13 comments)
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Michael Davis
Anne Arundel & Baltimore Real Estate Professionals
Annapolis Real Estate, & Short Sales in Maryland, Anne Arundel Real Estate, Buying and Selling Real Estate Homes in Annapolis, Buying and Selling Real Estate in Anne Arundel County, Real Estate Credit Issues, Real Estate Market Analysis, Short Sale, Short Sales, Foreclosures, Bank Owned Property, REO
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