Homeowners who are underwater and struggling to offload their homes through a short sale may get relief soon through Home Affordable Foreclosure Alternatives (HAFA). Part of the government’s Making Home Affordable program, HAFA is designed to incent borrowers & lenders to avoid foreclosure. It takes effect 4/5/2010 -12/31/2012 and is aimed at homeowners who are eligible for a loan modification, but unable to complete the process.
Read the whole story from smartmoney.com.
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