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No. FHA has to be handled as FHA Pre Foreclosure Sale.
That's what I thought but I just heard from an Agent that said he was able to do HAFA with FHA and I was questioning it.
The Agent was misinformed or mispoke. HAFA is not available for FHA, VA or USDA Loans.
Thanks for reassuring me.
What is a Treasury HAFA? - HAFA for Loans not backed by Fannie or Freddie as well as those not insured by FHA, or VA.
Hey Kevin many FHA loans are actually owned by Fannie Mae and Even Ginnie Mae. It still has nothing to do with HAFA , but you will find the GSE as the investor.
...and the Fannie/Freddie loans are all reported under U.S. Treasury Department.
doesn't matter. If the Loan is FHA Insured they must follow the FHA Guidelines for Loss Mit.
..It matters only to the extent that you want to be covered under the FHA insurance.
Kevin, do you have an escalation phone number for USDA?