Anne Weintraub Perspectives Residential Real Estate Closings
Have H.A.F.A.? By Anne L. Weintraub, Esquire Anne Weintraub P.A. It was billed as an exciting new government program to assist homeowners who did not qualify for loan modifications under the Obama administration’s HAMP program. Under the Home Affordable Foreclosure Alternatives Program, or HAFA, a borrower could qualify for a short sale by submitting a HAFA application to their lender to receive a pre-approved listing price within 10 days. With the pre-approved price, the borrower would receive total forgiveness of the note on the first mortgage AND the second mortgage, with an additional $3,000 in relocation expenses as an incentive. […]
Tuesday, February 8, 2011
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