Understanding HAFA
New Foreclosure Alternatives are Available
How to Apply for HAFA
Homeowners interested in utilizing foreclosure alternatives under HAFA are instructed to contact their lender if they meet the eligibility requirements and inform them of their desire to participate. Homeowners unsure of whether or not they meet eligibility requirements can also contact me.
After April 5, 2010 — when HAFA activates — participating lenders should preemptively contact their eligible borrowers within 30 days, either after they meet eligibility requirements or after April 5, 2010. Eligible homeowners will be sent, either preemptively or by request, a Short Sale Agreement that will outline the terms and conditions of a short sale specific to the homeowner.
I completed the CDPE (Certified Distressed Property Expert) course over a year ago, and have assisted many homeowners in successfully closing on the Short Sale of their home. Now the HAFA program is available, and I have been following this very closely. As it is a government regulated program, the I's need dotted and T's crossed properly, and I am here to assist you through this process.
Please call me with any questions you may have, or pass this and my name on to anyone you might know that could use my knowledge.