Maggiano Explains new HAFA Program

Do you owe more than your home is worth? New program helps troubled homeowners.

Lori Maggiano, US Treasury Department, discusses a new government program, Home Affordable Foreclosure Alternatives (HAFA) ,with RE/MAX International on April 5.

HAFA provides a viable alternative to foreclosure. If a homeowner has or wants to find a buyer for their home, they may request approval for a short sale with pre-approval short sale terms and minimum acceptable net proceeds.