New short sale rules impact homebuyers

It remains to be seen how new short sale rules will impact homebuyers.  The Home Affordable Foreclosure Alternatives program (HAFA) hopes to speed the short sale process, but all parties will be affected. - David

HAFA Short Sale Rules may Help Sellers - FOXBusiness.com

Greater lender receptivity to short sales?  Let's hope so! They have been slow and unpredictable.- David

HAFA Short Sale Rules may Help Sellers - FOXBusiness.com

Is Treasury Admitting Mod Defeat? - CNBC

HAMP, the government's Home Affordability Modification Program, was introduced with great fanfare but has benefitted relatively few borrowers. That's a shame, because a properly designed and adminstered program could have helped a lot of people keep their homes. Now there's a new program, HAFA, the Home Affordable Foreclosure Alternatives program. It's emergence, and recent comments from Treasury advisors, suggest that the Treasury Dept may be admitting the failure of HAMP, instead endorsing short sales and deeds in lieu of foreclosure. - David