New HAFA Guidelines! 

 January 7, 2011

By  Nancy Braun

Starting February 1st, Making Home Affordable will be releasing a new HAFA guidlines to enhance the government’s short sale program. This will make it more efficient and less restrictive for distressed homeowners to participate.

The new policies include:

  • Monthly Gross Income Verification
  • Vacant Property Requirements
  • Release of Subordinate Liens
  • Timing for Issuance of Short Sale Agreement
  • Timing for Response to Alternative Request for Approval of Short Sale
  • Real Estate Brokerage Commissions
  • Alternative Deed-in-Lieu Programs
  • Borrower Notices Timelines

We hope that this will help keep you informed with these upcoming changes!

Nancy Braun

Call me, Nancy Braun, at (704) 997-3794. Let’s talk about your needs and wants in a home.

Nancy Braun

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