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HAFA - Home Affordable Foreclosure Alternative

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Let's get this group going to track how this program is helping homeowners avoid foreclosure. Servicers- in the HAMP program - can offer HAFA (Short Sale) htt

Members: 19
Latest Activity: 1 day ago

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Fannie- Freddie- & Non-Participants of HAFA

Okay, have question that maybe someone knows? IF it is a Fannie, Freddie, or a non-participant of the HAFA program...... Do you just procede with the short sale how we have been doing to date? The…

Started by Tasha Griffin Mar 11.

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Comment by Tasha Griffin on March 10, 2010 at 6:57pm: YES!!! you can submit the packages before the 5th. It is in page 2 of the 43 page manual. "Provided that the servicer is able to collect and report all required information as described in the "Reporting Requirements" section of this "Supplimental Directive". I'm meeting with clients tomorrow and currently cramming for the "exam". Trying to be comfortable enough to explain some of the ins and outs.

Comment by Karen Mathers on March 9, 2010 at 12:54pm: I looked at the link Rosemary provided that shows the lenders who have signed up for the HAMP program. Does that mean they will automatically agree to do the HAFA program on April 5th? Does anyone have any good links for the HAFA program? Everything I seem to pull up talks about the HAMP program which is a waste of time.

Comment by Del on March 8, 2010 at 6:36pm: Hi Rosemary, do you know if we can submit packages for HAFA prior to April 5th? I've got sellers on hold till that date but would like to start the process early. Thx.

Comment by Jeffrey Burnham on February 17, 2010 at 11:40am: B of A was the first to sign up... but they so far on my files are totally ignoring the guidelines. I am totally frustrated with only being able to discuss one client per call. Does anyone have a solution to this?

Comment by Rosemary Brooks on February 1, 2010 at 12:44pm: To see the complete list: http://www.makinghomeaffordable.gov/contact_servicer.html

These servicers are signed up on the HAMP program which means will be able to offer HAFA (short sale) to homeowners. Get to know these servicers come April 5, 2010.

Comment by Rosemary Brooks on February 1, 2010 at 12:15pm: Let's list the banks that have signed on to the HAMP program - since they MUST be a part of the HAMP in order to offer the HAFA (short sale) program.

1. Bank of America - first to sign up...

Comment by Rosemary Brooks on January 25, 2010 at 3:40am: This may be a question we cannot answer right now, but in the coming months we are going to see this question pop up all over. Check out my post on phanton inventory or a clogged system or both?

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