Realtors®: HAFA Free Webinar Replay right here!

Understanding HAFA: The Home Affordable Foreclosure Alternatives Program-20100319 1859-1

The new HAFA Program--Home Affordable Foreclosure Alternatives Program--took effect April 5, 2010.  HAFA has the potential to revolutionize short sales, but its success will depend on vigorous implementation by servicers and recognition by investors and subordinate lien holders that they will lose less in a short sale than in a foreclosure.

This Webinar will give you the information you will need to know to make HAFA short sales a success.

Moderator: Lynn Madison, president, Lynn Madison Seminars

Presenter: Jeff Lischer, managing director, regulatory policy, National Association of REALTORS 

https://realtors.webex.com/ec0605l/eventcenter/recording/recordAction.do?theAction=poprecord&actname=/eventcenter/frame/g.do&apiname=lsr.php&renewticket=0&renewticket=0&actappname=ec0605l&entappname=url0107l&needFilter=false&&isurlact=true&entactname=/nbrRecordingURL.do&rID=40179517&rKey=d806efbe9f3baa3e&recordID=40179517&rnd=5043230115&siteurl=realtors&SP=EC&AT=pb&format=short

and click the "Playback" button.  Plug in for 49 minutes of informative, insightful education to help you learn and grow your business! 

Want to find out if your home seller qualifies?  Here's a link to the complete program explanation:

http://www.cdpe.com/hafa/short-sale

The program reportedly covers servicers handling more than 90 percent of all mortgages. REALTORS® are already hearing that the staff of many servicers have not yet even heard about the program, so it is clear that many servicers will not "hit the ground running." Patience will be needed, but now that there is a program in place, REALTORS® can negotiate faster short sales by urging compliance with the new procedures and deadlines. NAR will carefully monitor implementation and will report delays and other program problems to the Treasury Department. NAR's short sales webpage provides extensive information for REALTORS® and others about how the program works. Here are key links:

NAR's Government Affairs Explains HAFA Video produced by REALTOR TV: Click here to view the video

NEW Understanding HAFA Webinar: Click here to view this Webinar!

Other HAFA Resources available through NAR: NAR's HAFA Brochure, NAR's HAFA FAQs, Treasury Department Guidelines and Forms (updated March 26, 2010)

Enjoy success,

Regina P. Brown