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Elizabeth Weintraub

The HAFA Short Sale Program Debuts Today

By April 5, 2010

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The HAFA Short Sale Program starts today.

HAFA is the Home Affordable Foreclosure Alternatives offered through the government's Making Home Affordable Program. It's an effort to help more underwater sellers either receive a loan modification or streamline the presently lengthy short sale process. While the truth is fewer than 200,000 homeowners in the country have been granted a loan modification through the HAMP program, it's possible that the HAFA short sale program may help sellers to sidestep the hassles inherent in a short sale and let them sell their homes without recourse.

As with any government program, the proof will be, as they say, in the pudding. Many experts are skeptical, and I can see why. Not one of the negotiators I've spoken to from HAFA's list of participating lenders has yet heard of HAFA . . . read more about the HAFA Short Sale Program.

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At the time of writing, Elizabeth Weintraub, DRE # 00697006, is a Broker-Associate at Lyon Real Estate in Sacramento, California.


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