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HAFA Clarification

Posted by Jeffrey Burnham on December 7, 2012 at 8:29am in Short Sale Discussions

I'm hoping for some quick clarification. I know the HAFA program effectively ends on 12-31-12. My question is: does the SS need to CLOSE by then... or can an accepted offer continue to work through until the Buyer's loan closes?

Any guidance is welcome. Thanks Superstars!

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Tags: HAFA, expiration
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Replies

  • Mike Rosania December 7, 2012 at 8:54am

    I think you are confusing HAFA with the Mortgage Debt Forgiveness Act which is scheduled to end and yes the transaction needs to close by the end of the year.

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