Can HAFA help me with a short sale in Oxford, Alabama?
By Greg DeCristofaro
(Keller Williams Realty)
Can HAFA help me with a short sale in Oxford, Alabama? In 2009, the Treasury Department introduced the HAFA program to provide a viable option for homeowners who are unable to keep their homes through the existing Home Affordable Modification Program (HAMP). How can HAFA help with my short sale in Oxford, AL? HAFA provides incentives in connection with a short sale or a deed-in-lieu of foreclosure. HAFA offers the following: * Complements HAMP by providing a viable alternative for borrowers (the current homeowners) who are HAMP eligible but nevertheless unable to keep their home. * Uses borrower financial and hardship information already collected in connection with consideration of a loan modification. * Allows borrowers to receive pre-approved short sales terms before listing th...
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