August 2010 
There are 1 blog entries for August 2010.
Home Affordable Foreclosure Alternatives Program (HAFA)
Wednesday, August 25th, 2010 at 12:37pm. 1152 Views, 1 Comments.
On April 5, 2010 the HAFA program was rolled out. Basically it's a streamlined liquidation program that allows a homeowner to do a short sale when all other options are exhausted. If you determine that you are unable to pay your mortgage and stay in your home, the HAFA program is the best option to avoid foreclosure. All borrowers attempting a HAFA short sale must have first applied for a loan modification through the Home Affordable Modification Program (HAMP). If your lender is B of A, Aurora, or another lender on the list of HAFA approved lenders, then you may be eligible for HAFA.
Eligibility:
-Lender must participate in HAFA program
-You must have already gone through the modification application (HAMP) and submit the same docs
-Must be primary…
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