What Is HAFA?
November 10th, 2012categories: Short Sales, Uncategorized
“Home Affordable Foreclosure Alternatives” is a government sponsored initiative program overseen by he U.S. Territory Department and administered by Fannie Mae. Learn more here: www.makinghomeaffordable.gov/
Truth be told, there sometimes seems to be no rhyme or reason as to why a homeowner may or may not qualify for HAFA.
HAFA has it’s specific guidelines, which are easy enough to discern. In addition, most lenders have overlay guidelines that can change as often as we change our underwear.
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As Chico short sale negotiators, we will submit our client’s files for cash incentives available through HAFA or their specific lender(s). However, there can never be a guarantee of funds for a seller at close. The guidelines are always changing.
