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Home Affordable Foreclosure Alternatives Program (HAFA)
By Stephen Roberts | December 30, 2009
HAFA is a program in development that is not likely to take effect until April 2010. The HAFA program provides incentives in connection with a short sale or deed-in-lieu of foreclosure used to avoid foreclosure on a loan eligible for modification under the HAMP program. HAFA is part of the Home Affordable Modification Program (HAMP). The guidelines were used to help mortgage companies speed up the process of short sales of homes and other loan modification alternatives. Overall, the program is designed to simplify and speed up the use of short sales and deeds-in-lieu of foreclosure. This program should hopefully work with others to keep foreclosure ratings down here in the Henderson and Las Vegas area.
To view a List of Things to Consider When Purchasing a Foreclosure please visit our website.
For all your Real Estate needs contact Steve Roberts at 702-739-4392.
Topics: Henderson Nevada Homes, Las Vegas Nevada Real Estate, foreclosures | No Comments »