The Home Affordable Foreclosure Alternative Program(HAFA) offers assistance to servicers (your lender) to streamline the short sale process and provides borrower relocation assistance to homeowners who successfully complete a HAFA short sale.
In 2009, the Treasury Department set up the HAFA program to provide a viable option for homeowners who are unable to keep their home. This program provides incentives to those in connection with the short sale in order to avoid foreclosure.
The following video, brought to you by The Distressed Property Institute, answers the question: "What in the world is HAFA and how will it change the short sale landscape?" Northern Nevada home sellers who watch the video will get a better understanding of a foreclosure vs a short sale.
For additional information on how to short sale your Reno or Sparks home, contact me with all your questions. I will be happy to sit down with you to discuss the options that are available. If you know of anyone who is behind on their payments and who needs to sell their home but cannot because they are upside down, please have them call me, I will be happy to help.
What is HAFA and how can it help Reno Homeowners?