Home Affordable Foreclosure Alternatives Program and the New Streamlined Short Sale Process
On April 5, 2010, the U.S. government will implement the Home Affordable Foreclosure Alternatives Program. Part of the Home Affordable Modification Program, HAFA helps homeowners who are unable to retain their home under HAMP by simplifying and streamlining the use of short sales and deeds-in-lieu of foreclosures. Homeowners must meet certain requirements to participate and incentive payments are provided to homeowners and servicers.
See the link below for the requirements:
NAR Frequently Asked Questions
See the Video Below for details on the new Streamlined Short Sale Process
Click Here for the National Association of Realtor's (NAR) Packet with the Most Frequently Asked Questions about the new short sale process.
Posted at 08:00AM Mar 29, 2010 by Louisa Ward & Robyn Viktor in General | Comments[0]
