Understanding the HAFA Program

Understanding the HAFA Program

Are you a little confused with all the real estate acronyms that agents use like TIL, GFE, FNMA, GNMA, HARP, HAMP, HAFA and so on? Well, the HAFA, the Home Affordable Foreclosure Alternatives, program was launched April 5th, 2010, to help streamline the process of short sales by setting guidelines and time frames which banks must adhere to when a homeowner has been approved for the program.  This program uses short sales and died in lieu of foreclosure.

As a real estate consultant who has the SFR- Short Sale & Foreclosure Resource Certification and the CDPE-Certified Distressed Property Expert designation, I am on top of recent changes and have continuous instruction and guidance which allows me to be a trusted resource to my clients in the Sacramento area that are facing struggles in their mortgage situation.

I recently wrote a blog with an update on the HAFA program that you may want to review.

Please take a look at the video below to help you reach a better understanding of what is happening in the current housing market and what's being done about it.  You can also visit my website to see questions and answers about all of the government programs.  You can also take a brief survey to help determine your eligibility.

Debbie Baldes, Broker, e-PRO, CDPE, SFR