Oct 19

Treasury to Release New HAFA Incentives for Short Sales

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HAFA - Housing Affordability Foreclosure Alternatives

I am always looking for new opportunities to navigate through the short sale process.  Short sales continue to be a viable option for many homeowners in Silicon Valley who are looking for alternatives to foreclosure. A recent comment and subsequent announcement by the Treasury in the next couple of weeks may help to facilitate a higher success rate.

“The Home Affordable Foreclosure Alternatives (HAFA) will offer incentives to mortgage servicers and borrowers, along with secondary investors, to pursue a short sale or a deed in lieu of property, according to Laurie Maggiano, the chief of the Homeowner Preservation Office at the Treasury.”

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