NEW HAFA... and How can it help me ?

I would like to talk about some of the new changes in the HAFA program. You may of heard about the
HAFA program for Short Sales . One of the main attaractions would be the waiver of deficiency and the seller $ relocation money given to sellers once a successful HAFA short sale is complete.

If the loan is owned or guaranteed by Freddie or Fannie Mae they will have their own HAFA guideline.
Some highlights of then New HAFA program 2011

Program expires December 31, 2012

Homeowners must meet the basic HAMP eligibility guidelines: primary residence, loan amount less than $729,750, facing a financial hardship situation, loan originated before January 1, 2009

Mortgage payments no longer have to be more than 31% of borrower's gross income.
2. Property no longer must have been occupied as primary residence within the last 12 months (previously, had to be owner occupied up until 90 days before the closing).

Visit me at www.keystomyplace.com

Best regards
Christina Simmons, ABR,SFR,HRC
7132-269-9235

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Bringing information on Short Sales process and area Foreclosure market.