C.A.R.’s Member Legal Services has published a revised legal article entitled “HAFA Short Sales Fact Sheet” (April 11, 2011). It is available on www.car.org on “What’s New,” the Legal Articles pages, and the 2011 Q&As page.
HAFA is a government-subsidized Home Affordable Foreclosure Alternatives program for distressed homeowners to sell their homes to avoid foreclosure, even if the sales price is not enough to pay off their existing mortgage loans. This chart has been revised to reflect the recent changes to the HAFA program. Citation links have been added to the chart.
In addition, the “HAFA Short Sale Time Periods” has been added as a new chart highlighting all of the relevant time periods for actions taken by the lender/servicer or borrower.
For more information : Click here and/or please contact Mackenzie Martin: 530-318-3099 / mackenzie@MakeTahoeMine.com
*Information Courtesy of The South Tahoe Association of REALTORS Staff
As always, please feel free to contact Mackenzie with your individual/specific questions regarding your South Lake Tahoe home!