What is HAFA and How Can It Work For You? http://dixonteamoc.com

Ken Dixon of Dixon Team OC discusses the government's newest program called HAFA. HAFA stands for Home Affordable Foreclosure Alternatives. Here is a quick overview:

•Effective April 5, 2010
•Pertains to 1st Lien Non-GSE (government sponsored enterprises) Mortgages
•Utilizes borrowers financial information through HAMP (Home Affordable Modification Program)
•Financial incentives provided to homeowners
•Lenders must respond in a timely manner
•Lender forfeits ability to pursue deficiency (unpaid balance) judgment

PLEASE NOTE:Not all lenders are required to follow this program.

Its crucial for you to choose a Realtor that understands the program, the complexities of short sales and can help you manage your loss. Contact us today with any real estate related questions you may have. As always you can find us at http://dixonteamoc.com.

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