HAFA is another one of those terms thrown about in Short Sale discussions and pronounced Hoffa or Halfa. It has not been the most successful of the Short Sale program attempts but is far more successful than the loan modification programs.
No matter how you choose to pronounce it, the letters stand for Home Affordable Foreclosure Alternative.
HAFA sets a structured time frame for the Short Sale process but does not always hit their own goals. None the less, the financial incentive to homeowner's is a powerful carrot to dangle as the journey is long and stressful to a successful closing. But when it does happen, it is sweet!
Welcome from the Brainerd Lakes - where outdoor and indoor recreational opportunites abound. Looking to buy on one of our many lakes? Ready to move up or down? Having trouble selling your home? Falling behind on payments or already in the foreclosure process? I am a Certified Short Sale Specialist as well as a Home Staging Expert.
Smoke and mirriors is more like it doesn't see anything is working for all the good ole boys.