NAR continues to collaborate with the Treasury Department on HAFA improvements and promoting the development of
a streamlined short sale process beyond the expiration of the program scheduled for the end of 2012.
NAR will continue to collaborate with the Treasury Department on HAFA improvements and promoting
a streamlined short sale process beyond the end of the program.
As many short sale agents from across the country can attest, the banks have initiated many new procedures to
streamline the short sale process and this in turn has lead to more efficiency (and hence, less chance of foreclosure for distressed home owners).
As many short sale agents from across the country can attest, the banks have initiated many new procedures to
streamline the short sale process and this in turn has lead to more efficiency (and hence, less chance of foreclosure -LSB-...]
Even now as we keep hearing from the lenders that they are
streamlining the short sale process.
I think this has the potential to greatly simplify and
streamline the short sale process.
HAFA was introduced to simplify and
streamline the short sale process.
The moves are aimed at
streamlining the short sale process, which often takes months to complete.
He has supported reforms aimed at helping troubled homeowners avoid foreclosure and
streamlining the Short Sale process.
Other market frictions need to be addressed, such as assuring that proper comparables are used in appraisal valuations, and
streamlining the short sales process.»
Not exact matches
For those who were eligible for the HAMP program but were unable to make payments, don't qualify for a Trial Period Plan, don't complete the Trial Period Plan, or ask a deed - in - lieu or a
short sale, there is the HAFA (Home Affordable Foreclosure Alternatives) program to help
streamline the foreclosure
process.
Streamlining and standardizing documents required of homeowners would help move the
process along, and could help prevent losing buyers for
short sales and missing deadlines for other foreclosure prevention programs.
Cooperative and
streamlined short sales, which most of the banks have implemented, have actually sped the
process, requiring less paperwork and resulting in faster turnaround,» notes Brandon Brittingham, a Long & Foster agent who has closed hundreds of
short sales.
33 ® THE BUSINESS MAGAZINE OF FLORIDA REAL ESTATE I foridarealtors.org/magazine I August 2014 FANNIE MAE»S LIST PRICE GUIDANCE
Shorter Short Sales Fannie Mae streamlines the sales pro
Sales Fannie Mae
streamlines the
sales pro
sales process.
Even though it
streamlined and standardized the
short sale process for everyone, thereve been only 661
short sales nationwide under HAFA.
The time line for a
short sale is still quite long but banks are making efforts to
streamline the
process.
The HAFA program provides a
streamlined process and offers incentives for homeowners, loan servicers and mortgage investors to pursue a
short sale or deed - in - lieu.