On March 12, 2010, the Treasury Department posted Frequently Asked Questions (FAQs) and two revised forms for the Home Affordable Foreclosure Alternatives Program (HAFA). HAFA takes effect on April 5, 2010, but servicers may implement early.
If you are interested in learning more about Home Affordable Foreclosure Alternatives Program check out the links below:
- Announcement of HAFA Changes
- Frequently Asked Questions (as of 3/12/2010)
- Supplemental Directive 09-09, Introduction of HAFA—Short Sale and Deed-in-Lieu of Foreclosure (Issued November 30, 2009, but Exhibit A and Exhibit B were revised 3/12/2010 (see below))
- Revised Short Sale Agreement (Exhibit A to Supplemental Directive 09-09)
- Revised Alternative Request for Approval of Short Sale (Exhibit B to Supplemental Directive 09-09)
billddrummer
Guy,
Thanks for the links. Here’s one from an outfit in Boston that negotiates directly with lenders to keep people in their homes while simultaneously reducing their mortgage debt:
http://www.nytimes.com/2010/03/22/us/22foreclose.html?ref=business