HAFA Short Sale Eligibility Guidelines for Homeowners

To be considered for the Home Affordable Foreclosure Alternative program or HAFA the borrower must meet the following criteria; 1. The borrower has exhausted all modification options and/or has decided to pursue a Short Sale or Deed-in- Lieu of Foreclosure. 2. The property has to be the borrowers principle residence. 3. The first lien was [...]