The U.S. Treasury Department released guidelines and forms for its new Home Affordable Foreclosure Alternatives (HAFA) program on Nov. 30, 2009.
It was designed with good intentions — to simplify and streamline use of short sales and deeds-in-lieu of foreclosure. However, HAFA is a complex 43-page program that may be difficult for most real estate agents to fully understand.
To be perfectly hone ...

The U.S. Treasury has released their long awaited details of the Home Affordable Foreclosure Alternatives (HAFA) program, which provides instructions for lenders and servicers participating in the Making Home Affordable, Home Affordable Modification Program (HAMP). The purpose of HAFA is to create an alternative to foreclosures for homeowners unable to successfully modify their troubled mortgage u ...

Endorsements
HUD approved counseling agencies are approved by the U.S. Department of Housing and Urban Development (HUD).
HUD-approved housing counseling agencies help families understand the home purchasing process, how to get budgeting and credit problems fixed, and how to avoid predatory lending practices.
Agencies applying for HUD approval must meet the following criteria:
• Must have 5 ...

Endorsements
HUD approved counseling agencies are approved by the U.S. Department of Housing and Urban Development (HUD).
HUD-approved housing counseling agencies help families understand the home purchasing process, how to get budgeting and credit problems fixed, and how to avoid predatory lending practices.
Agencies applying for HUD approval must meet the following criteria:
• Must have 501( ...

RESOURCES FOR HOMEOWNERS FACING FORECLOSURE
U.S. DEPARTMENT OF THE TREASURY

The U.S. President’s "Making Home Affordable" Plan
Making Home Affordable Website
http://www.makinghomeaffordable.gov/
U.S. Treasury Detailed Program Description
http://www.treas.gov/press/releases/reports/housing_fact_sheet.pdf
Borrower Q & A
http://www.financialstability.gov/docs/borrower_qa.pdf
Making Home Af ...