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2010-04-30 10:44:45
How to Apply for HAFA

Are you wondering how to apply for HAFA? Below is some information that may help you. If you have any more questions please email admin@utahfeaturedhomes.com or call Steve Bond @ 801.400.6580

How to Apply for HAFA

Homeowners interested in utilizing foreclosure alternatives under HAFA are instructed to contact their lender if they meet the qualifications6 and inform them of their desire to participate. After April 5, 2010 - when HAFA activates - the application process will become more apparent. Since this program will be essentially administered by lenders, a HAFA short sale is analogous to a pre-HAFA short sale.

CDPEs are encouraged to examine two documents important to the short sale process:

  • Exhibit A, Revised: Short Sale Agreement7
  • Exhibit B, Revised: Alternative Request for Approval of Short Sale8

These are documents for lenders to send to borrowers. The above documents will give you an idea of the application process and requirements of the program

All information was found on http://www.cdpe.com/home

 
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