Add a comment | Thursday, January 7, 2010
No matter what you may think of the mortgage meltdown, the economic crisis, or the mess in the housing industry, there is no doubt we need to get the sale of houses moving. In order to spark the economy you need to get houses sold no matter what the circumstances are, so that people will be able to move without going through the horror of a foreclosure.
Help is on the way. The U. S. Department of Treasury has initiated the HAFA Program (Home Afford Foreclosure Alternatives Program), which provides instructions for lenders and servicers to find alternatives to foreclosure by streamlining the loan modification and short sale processes.
The HAFA program will simplify and encourage short sales and deed in lieu of foreclosure, giving frustrated homeowners an alternative to foreclosure. It will also permit pre-approval of short sales and the terms of sale before listing, release borrowers from future liability for the debt, and provide financial incentives for the borrower, servicer, and investor, and even protect real estate commissions to help ensure the system works.
For more information go to www.GoTracy.com where you can get more complete information and help for your short sale.
