HAFA Program is now in place. Let the Short Sales begin.
The Federal Government is attempting to streamline the short sale process. Yesterday, April 5,2010, HAFA (Home Affordable Foreclosure Alternatives) Program went live.
The days of being at the mercy of the whimsical and capricious attitudes of the lenders are behind us now, at least for those lender who have agreed to take part of this historic effort. There is now financial incentive for the lenders and the borrower/sellers as well to participate and help resolve the foreclosure crisis which is still looming before us.
