The February 1st HAFA deadline has passed and that means the new short sale guidelines are now in effect.
Some of the important changes explained during the presentation include:
- New “pre-determined” hardship borrower categories
- Current documents that will no longer be mandatory
- Anti-fraud affidavit verifying arms-length transactions
- Condensed approval timeline required for servicers
- Shorter prohibition of resale timelines for HAFA deals
Need assistance with your lender? Call Me Crystal Burns we work directly with
Bank of America
Citi Bank
Chase
Sun Trust
Wells Fargo
Plus many investors on Equator..











