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HAFA Update as of 4/20/2013

The Home Affordable Foreclosure Alternatives (HAFA) Program has had some recent changes:

  • No Hardship Docs if 91+ Days Late and Less Than 620 FICO
  • Loan Mod Denial NOT Required
  • $8,500 Cap Payment to 2nd Lien
  • $3,000 Relocation to Borrower OR Tenant
  • Must Submit Executed Contract BEFORE 12/31/13 and Close Before 9/30/14

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