HAFA

HAFA: Worth The Money?

December 13, 2010

I have many clients ask me about details regarding the HAFA program.  HAFA stands for Home Affordable Foreclosure Alternatives Program. “In 2009, the Treasury Department introduced the HAFA program to provide a viable option for homeowners who are unable to keep their homes through the existing Home Affordable Modification Program (HAMP). The HAFA program took effect on [...]

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An Arizona Short Sale- HAFA Qualifications

November 12, 2010

As most of you know, this is what I do everyday- Help homeowners who can no longer afford their homes exit from the home gracefully and create their fresh start, financially and emotionally!  The most rewarding part of the short sale is when it is completed and I can see the relief the Seller has [...]

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US Bank- Short Sale Process

November 4, 2010

We negotiate lots of short sales everyday with all lenders.  Recently in our negotiations with US Bank, they seem to do a few things a bit differently. Generally, most lenders have a short sale package, list of documents they want and a separate package for the HAFA Program.  As most of our homeowners know, the [...]

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WHAT IS HAFA?

October 12, 2010

There has been a lot of acronyms batted around the real estate world and one of the most important ones, in my opinion, is HAFA, the HOME AFFORDABLE FORECLOSURE ALTERNATIVE program. This is a new government program that was implemented to help a certain portion of distressed homeowners avoid foreclosure by allowing a short sale [...]

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