The new Home Affordable Foreclosure Alternatives Program (HAFA) developed by the Treasury department. Designed to simplify and streamline the use of short sales, the expected benefits of HAFA include: allowing borrowers to receive preapproved short sale terms before listing the property; requiring borrowers to be fully released from future liability for their first mortgage debt; and the use of standard processes, documents and deadlines in the short sale process.
1 thought on “Home Affordable Foreclosure Alternatives Program”
Comments are closed.