What is HAFA-Home Affordable Foreclosure Alternatives program-The huge number of foreclosures in the US is simply too big to ignore. That is why a government-backed program has been released that aims at streamlining Home Foreclosure Alternatives.
Short sales are honorable solutions to foreclosure, and now the government is making them easier, quicker and more accessible through the Home Affordable Foreclosure Alternatives Program, or HAFA.
With one in seven homeowners struggling to make loan payments, distressed homeowners are not alone, and there are Home Foreclosure Alternatives available.
Here are some Bullet Points on the HAFA program.
HAFA Eligibility
At present, the home owner is eligible if all the following conditions are met:
Incentives for the Distressed Home Owner
Is your lender participating? Lenders and loan servicers participating in HAFA must sign a participation agreement with Fannie Mae to participate in HAMP by October 3, 2010.
The list of lenders that are participating is constantly growing, please contact us for the most recently update list (there is no fee or charge).
California Short Sale Specialist Luis Montejano and Stephen Munson explain in this clip the more highlights of the HAFA program. Luis Montejano has earned the prestigious Certified Distressed Property Expert and has helped countless Californians avoid foreclosure
Learn more about:
Marketing Short Sales-Finding A Buyer
Short Sale Agents-How to find a short sale specialist
Short sale hardship-What qualifies as short sale hardship
Does A Short Sale Stop Foreclosure
Short Sale Vs. Foreclosure-Short Sales Affect On Credit
Qualifying for a loan modification-California Loan Modification
Lender Loan Modification Scams
What Is HAFA-Home Avordable Foreclosure Alternatives program
Copyright © 2011 By HFA|Home Foreclosure Alternatives Stephen Munson& Luis Montejano-Munson Realty Southern California Real Estate *What is HAFA-Home Affordable Foreclosure Alternatives program *
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Munson Realty and their Pasadena Short Sale Agents are a group of real estate/property advisers, escrow agents and title representatives with the intention to streamline the short sale process.
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