The Investor Insights

The Government’s new Home Affordable Foreclosure Alternatives Program (HAFA) that recently went into effect is helping streamline the short sale process.  The biggest problem with short sales is that they were taking at least 3-6 months or longer to get lenders to approve them.  Now that most lenders have jumped on board with the idea [...]

The government’s HAFA program that went into effect on April 5, 2010 should help shorten the length of time it takes a lender to approval a short sale. The HAFA program is an alternative for homeowners that do not meet the guidelines under the government’s Home Affordable Modification Program to receive a mortgage loan modification. [...]