The Agent Insider Blog

The deadline for servicers to implement the new Home Affordable Foreclosure Alternatives program (HAFA) is now less than two weeks away.  This means that all of the HAFA rules forms and guidelines will be taking effect very soon.  Although servicers and lenders have had the option to implement the new HAFA program before the deadline, [...]

By now, most professionals in the real estate industry are aware that the U.S. Treasury Department issued a plan called the Home Affordable Foreclosure Alternatives program (HAFA) on November 30, 2009.  The HAFA program is intended to speed up and regulate the short sale process for borrowers whose loans are subject to the government’s loan modification [...]

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 [...]

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 [...]