SHORT SALE UPDATE: New Changes to HAFA Supplemental Directive Bloomfield Hills, MI Realtor

Making Home Affordable (MHA) just released an update to its Supplemental Directive 09-09 with some important clarifications for agents and participants in HAFA, in particular:

• Increased homeowner assistance for short sale and deed-in-lieu of foreclosure transaction from $1,500 to $3,000
• Bankruptcy issues
• Vacating the property due to relocation
• Lienholder information

Not sure why this was released on a Friday afternoon, but we'll continue to keep you posted on these developments as they happen. Check our official CDPE HAFA Resource Page for all the updates you need on HAFA.