Replies to This Discussion

Permalink Reply by Sean Wilder on April 9, 2010 at 7:18am

Yes if serviced by one of the servicers listed here. http://www.makinghomeaffordable.com/contact_servicer.html

Permalink Reply by Bryant Tutas on April 9, 2010 at 9:17am

...and it must be your primary residence. Investment properties do not qualify.

Permalink Reply by Bryant Tutas on April 9, 2010 at 9:24am

Mary, Here are some documents that will help you.

HAFA.pdf

NAR and HAFA.pdf

NAR and HAFA 2.pdf

Permalink Reply by Laurel Starks on April 10, 2010 at 4:07am

HAFA is designed specifically for non-GSE's. So yes, to your question. Fannie and Freddie are supposedly coming out with their own version. FHA and VA have some other thing apparently in place. HAFA is for everything else.

HOWEVER it is not merely the "servicer" that participates. It is the investor. You can call Wells Fargo, Chase, BofA, all of them and they will tell you it's up to the investor. Some are, some aren't. Some will tell you that you have to apply for HAFA before you will find out if the investor is participating or not; some won't tell you when you call. Nice. I know. Welcome to real estate 2010 :)

Permalink Reply by Mary Wilcox on April 10, 2010 at 9:47pm

THANK YOU sooo much!

Laurel Starks said:

HAFA is designed specifically for non-GSE's. So yes, to your question. Fannie and Freddie are supposedly coming out with their own version. FHA and VA have some other thing apparently in place. HAFA is for everything else.

HOWEVER it is not merely the "servicer" that participates. It is the investor. You can call Wells Fargo, Chase, BofA, all of them and they will tell you it's up to the investor. Some are, some aren't. Some will tell you that you have to apply for HAFA before you will find out if the investor is participating or not; some won't tell you when you call. Nice. I know. Welcome to real estate 2010 :)