Shelley Mastro & Mark Mastro

HAFA was introduced to simplify and streamline the short sale process. HAFA accomplishes this in the following ways2:Compliments HAMP by providing viable alternatives for borrowers who are HAMP-eligibleUtilizes borrower financial and hardship information collected in conjunction with HAMP, eliminating the need for additional eligibility ...

 What sellers can expect from participating lenders starting in April: -- Sellers must be unqualified for a loan modification under the Home Affordable Mortgage Program or be unable to afford the modification. -- The bank will set an acceptable value of the home upfront, based on an appraisal or broker's price opinion. -- Lenders ...