This week the US Treasury Department released it’s long awaited new short sale rules and forms. The new program is called HAFA (Home Affordable Foreclosure Alternatives) and sets forth new government policies for a short sale or deed-in-lieu of foreclosure. It is the new rules and procedures for HAMP participating lenders and servicers to follow when a homeowner doesn’t qualify for [...]
Tags: deed-in-lieu, HAFA, HAMP, Home Affordable Foreclosure Alternatives, loan modification, new short sale rules, short sale, short sale agreement, short sale forms, Treasury Department
Posted in Foreclosures, General Loss Mitigation Options, Loss Mitigation, Short Sales | No Comments »
The Treasury Department keeps letting out hints that it is almost ready to release the final details of it’s long awaited new short shale rules and policies. An official announcement is expected next week for the launch of the new Homeowner Affordable Foreclosure Alternatives (HAFA) program formerly referred to as the Foreclosure Alternatives Program (FAP). Although [...]
Tags: HAFA, short sale forms, short sale rules, Short Sales, Treasury
Posted in Short Sales | No Comments »
