Cash for Short Sale! The HAFA Program
It has been a little over a month since the long awaited HAFA program was rolled out. Most larger institutions and loan servicing companies have signed on to voluntarily participate in the program. It is truly a win-win for both the lenders and the borrowers.
One of the biggest benefits of a HAFA approved short sale is the cash contribution component to the homeowners for their moving expenses. This was commonly called Cash for Keys in the REO world, and now it is available to the short sale world as well.
