Category Archives: HAFA Short Sale Program

Harvard Professor Recommends Mortgage Principal Reductions

There have been a lot of ideas discussed to help ease the drop in home values over the last few years.  But despite all the discussion, these ideas have largely failed.  “Cash for keys,” foreclosure moratoriums, as well as government programs HARP, HAFA, and HAMP, have all helped fewer homeowners than originally planned, and home […]

Also posted in HAMP Loan Modifications | Comments closed

Latest HAFA Report Shows Mixed Results

It’s been a while since I’ve written about HAFA (Home Affordable Foreclosure Alternatives Program), and that’s because there hasn’t been much to write about (unless you focus on the ineptitude of taxpayer-funded programs). According to a recent article on HousingWire.com, the Treasury Department says 10,438 short sales have been completed through HAFA since its start in […]

Also posted in Short Sale Info for Sellers | Comments closed

Why HAFA will make you LAFA

Ok, so that pun was a bit of stretch.  But HAFA really has been laughable so far. There are many reasons for this.  Earlier this month, the National Association of Realtors (NAR) released its “Report on NAR’s Meetings with Large Lenders to Discuss Originations and Servicing Issues.” In short, the NAR found:

Also posted in Short Sale Info for Realtors, Short Sale Info for Sellers | Comments closed