Comments on: More Sellers to Qualify for HAFA Short Sales after 6/1/12 http://ctlms.myproptrackr.com/2012/04/30/more-sellers-to-qualify-for-hafa-short-sales-after-6112/ Pre-Foreclosure and Short Sale Solutions Tue, 02 Apr 2019 18:58:34 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: ctlms http://ctlms.myproptrackr.com/2012/04/30/more-sellers-to-qualify-for-hafa-short-sales-after-6112/comment-page-1/#comment-19019 ctlms Sat, 19 May 2012 13:48:58 +0000 https://ctlms.myproptrackr.com/?p=463#comment-19019 Karen, FHA and VA loans do not qualify for HAFA. HAFA is actually very closely based on the FHA Pre-Foreclosure sale program which has been around for decades. As for HAFA, there are 3 versions of HAFA; 1. Fannie Mae has their own version 2. Freddie Mac has their own version 3. The Treasury version which applies to all other loan types, investors and servicers that are participating in the program. The changes I wrote about apply to the Treasury version only. Fannie and Freddie have not made any changes to their program guidelines in a very long time while the Treasury version has been constantly evolving. Hope that clears that up for you. Karen,

FHA and VA loans do not qualify for HAFA. HAFA is actually very closely based on the FHA Pre-Foreclosure sale program which has been around for decades.

As for HAFA, there are 3 versions of HAFA;

1. Fannie Mae has their own version
2. Freddie Mac has their own version
3. The Treasury version which applies to all other loan types, investors and servicers that are participating in the program.

The changes I wrote about apply to the Treasury version only. Fannie and Freddie have not made any changes to their program guidelines in a very long time while the Treasury version has been constantly evolving.

Hope that clears that up for you.

]]> By: Karen R. Spell http://ctlms.myproptrackr.com/2012/04/30/more-sellers-to-qualify-for-hafa-short-sales-after-6112/comment-page-1/#comment-19015 Karen R. Spell Sat, 19 May 2012 11:14:26 +0000 https://ctlms.myproptrackr.com/?p=463#comment-19015 Sean you speicify these changes only apply to NON fnma or freddiemac loans. I cannot find that info anywhere. In fact it seems that FHA and VA do not yet qualify for HAFA but Freddie Mac and FNMA loans can if they meet the additional criteria. I am trying to stay up to date please advise. Karen Sean you speicify these changes only apply to NON fnma or freddiemac loans. I cannot find that info anywhere. In fact it seems that FHA and VA do not yet qualify for HAFA but Freddie Mac and FNMA loans can if they meet the additional criteria. I am trying to stay up to date please advise.

Karen

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