HAFA – what?!?

    Have you heard about HAFA? This is the government’s new formulated solution to dramatically cut down on short sale processing timelines. This short video below gives a quick overview to this amazing new program that some of the biggest mortgage players like Bank of America, GMAC, Citibank, Chase, and others are participating in. This could be life-changing for some borrowers with hardships that are underwater!

    [youtube=http://www.youtube.com/watch?v=8TXx8rKy-Ow&hl=en_US&fs=1&rel=0&color1=0x2b405b&color2=0x6b8ab6&border=1]

    Previously, secondary market mortgage giants Fannie Mae and Freddie Mac were not participating in HAFA. However according to just released information, they will begin accepting HAFA short sales as of August 1, 2010 if the homeowner was unable to pursue a loan modification. This is big news in the standardization of short sale processing! {Source: DSNews}

    Think you’re eligible for HAFA? Let’s get started!

    For a more in-depth look at HAFA click here.

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