There’s another “H” in town…..H as is in HAFA…..so many programs are available, only the future will tell if all these “H” programs will really help the Homeowners in Distress…..if the Lender’s don’t cooperate, it’s just another “H” word….. Take a look at Fannie’s and Freddie’s new program…
Introduction of Home Affordable Foreclosure Alternatives Program
On June 1, 2010, Fannie Mae released Servicing Guide Announcement SVC-2010-07: Introduction of Fannie Mae's Home Affordable Foreclosure Alternatives Program to provide servicer guidance and direction for using the short sale or deed-in-lieu (DIL) process for borrowers who qualified for, but did not complete, a loan modification under the Home Affordable Modification Program (HAMP).
Announcement SVC-2010-07 Go Here for entire guidelines :Home Affordable Foreclosure Alternatives (HAFA)
