Hello and Happy Friday!
On April 5, 2010, the U.S. government will implement the Home Affordable Foreclosure Alternatives Program (HAFA). Part of the Home Affordable Modification Program, HAFA helps home owners who are unable to retain their home under HAMP by simplifying and streamlining the use of short sales and deeds-in-lieu of foreclosures. Home owners must meet certain requirements to participate, and incentive payments are provided to home owners and servicers. I have included a link that explains the process more in depth. government_affairs_hafa_brochure
As always feel free to contact me if you have any questions.
Have a great weekend!