What Does HAFA Mean for CDPE's?

For CDPE-designated agents, the Home Affordable Foreclosure Alternatives Program is the single most important piece of housing legislation to take place. Why? CDPEs have been trained in how to help homeowners avoid foreclosure and financial ruin by assisting them through the short sale process. After April 5, 2010, not only will CDPEs receive more requests for assistance with short sales from distressed homeowners, they will also receive increased support from the lenders that hold those distressed mortgages. HAFA shows that the government fully supports CDPEs as agents trained to help homeowners and work with lenders. In addition, it is a requirement of a HAFA short sale or a deed-in-lieu for a licensed agent to participate. This is a tremendous opportunity to help homeowners facing financial hardship, and have a positive impact on communities nationwide.

All information gathered from http://www.cdpe.com/home.