What is a HAFA Short Sale?
A HAFA short sale is a short sale that is structured through the government program called Making Home Affordable program. HAFA stands for Home Affordable Foreclosure Alternatives. With this program certain rules must be followed by the lender which results in cash given to the borrower to leave their home in good condition and to move on without the fear of any deficiency judgment. Not everyone can be approved for a HAFA short sale. An experienced Real Estate broker like Paramount Real Estate Services can help you navigate through this complex program.