RE/MAX CEO Margaret Kelly explains how homeowners can avoid foreclosure with the newly announced government Short Sale plan, HAFA, that went into effect April 5, 2010. New guidelines include $3,000 for moving expenses to homeowners who complete a Short Sale or agree to turn over the deed of the property to the lender. HAFA is designed for homeowners who are in financial trouble but don't qualify for the Administration's loan modification program.
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