The HAFA program is the government's new short sale/ deed-in- lieu program. The government created the program in an effort to assist homeowners who can no longer afford their home and who want to avoid the damage a foreclosure does to a borrower's credit. The following is my understanding of the program guidelines as presented in the MAKING AFFORDABLE Supplemental directive 09-09.

The federal government has asked lenders to voluntarily implement a new program called Housing Affordable… Continue

I am not an attorney and even though I do not give legal advice, I owe it to my clients to have a basic knowledge of the legal aspects of a short sale. If I am informed I can tell them what questions to ask their attorney.

Even though I may disagree with some advice they give, I know I cannot argue against an attorney’s advice because that would be, in fact, giving legal advice.

However, I often feel that some attorneys are too quick to advise clients to let the bank foreclose on… Continue