On April 5, 2010, the U.S. government will implement the
Home Affordable Foreclosure Alternatives Program (HAFA). The HAFA helps
homeowners who are unable to retain their home under the Home
Affordable Modification Program by simplifying and streamlining the use
of short sales and deeds-in-lieu of foreclosures. Homeowners must meet
certain requirements to participate and incentive payments are provided
to homeowners and servicers. To help REALTORS understand HAFA and its
guidelines, the National Association of REALTORS ("NAR") has released an
informational brochure available through the links below:
NAR’s press release
HAFA brochure
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