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
Remember to stay in contact with us for up-to-date info on all short sale related topics.