HAFAP: New Government Short Sale Guidelines- Newest Help For Sacramento Short Sales
[caption id="attachment_612" align="alignleft" width="176" caption="Government Shortsale Guidelines"][/caption] GOVERNMENT SHORT SALE GUIDELINES The Newest Government Foreclosure Acronym- HAFAP or Home Affordable Foreclosure Alternatives Program will definitely bring some strong incentives for lien holders to move quickly on short sale files. Beginning April, 2010, the Home Affordable Foreclosure Alternatives Program (HAFAP)and its recently issued guidelines should help to streamline the short sale process and reduce the backlog that is plaguing home buyers and lenders now. Not only should the process be shortened dramatically, it will also mean less vacant and vandalized properties, a common problem in neighborhoods everywhere. Here art the new short sale guidelines. these will go into effect April 5th: Borrowers will now receive pre-approved short sale terms BEFORE listing the property. These...
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