New Short Sale Guidelines go into effect.

by Gary and Lisa Schoeffler on April 6, 2010

in Short Sales

Hope for short sales is on the horizon.  The Home Affordable Foreclosure Alternatives Program (HAFA) went into effect yesterday  and is designed to streamline the process and reduce the backlog that is plaguing lenders.

It should be noted, however, that the HAFA Program applies to loans that are not owned or guaranteed by Fannie Mae or Freddie Mac,  which is currently over half of the mortgages in America.

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Post by Gary and Lisa Schoeffler

Gary and Lisa Schoeffler are Ventura Real Estate Professionals specializing in residential real estate. Their expertise in helping both buyers and sellers is widely recognized in Ventura County. How can they assist you today? Wondering what the market is like? Call them, they will be happy to talk with you about it. 805-320-4472

Gary and Lisa has written 371 articles.

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