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The
Treasury Department has released a New Program to Help Owners Avoid
Foreclosure. In addition to the Making Affordable Modification
Program, the Treasury has developed alternatives to foreclosure when
is ruled out. Home Affordable Foreclosure Alternatives Program (HAFA).
It
appears that program's goal is to streamline short sales so they don't
take outrageous amounts of time to get approval which can not only be
a detriment to the seller, but the buyer is also at risk for various
reasons.
The
basics of this program work like a child's puzzle. You either fit into
the box or you don't. If you don't then there still may be hope |