Renaissance Realty Group’s Blog: HAFA -- you called me what ??

HAFA -- you called me what ??

HAFA - WHAT DOES IT MEAN AND WHY DO i CARE ?

Home Affordable Foreclosure Alternatives Program (HAFA)

HAFA is a complex program, with 43 pages of guidelines and forms, designed to simplify and streamline use of short sales and deeds-in-lieu of foreclosure. HAFA is part of the Home Affordable Modification Program (HAMP), providing incentives in connection with a short sale or a deed-in-lieu of foreclosure (DIL) used to avoid foreclosure on a loan eligible for modification under the HAMP program.

These guidelines go into effect April 2010!

 

3 comments • Eric Reid • February 10 2010 12:38PM

Comments

Eric: There have been lots and lots of people on AR and beyond who have been over-selling the HAFA program. As you state, we are in a wait and see mode, and we have about 7 weeks more to go!

Posted by Melissa Zavala Realtor® North San Diego County Homes (Broadpoint Properties) 5 months ago

More guidelines, I am so excited!  Melissa above- yup.

Posted by Wendy Rulnick "Its Wendy!" Destin Florida Short Sales (Rulnick Realty, Inc.) 5 months ago

Eric

Thanks for sharing the information, question now is will it work?

Good luck and success.

Lou Ludwig

Posted by Lou Ludwig CRB, CRS, CIPS, GRI, SRES, TRC, e-PRO, (Ludwig & Associates) 5 months ago

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