HAFA Mortgage Cap

I have a Short Sale listing presentation with a $2M loan... qualifies as their principal residence. Is there a loan Cap limit for HAFA?

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Permalink Reply by Craig Tindall, LMC/SFR on March 22, 2011 at 8:48am
Correction to Discussion Post... does the 1st $729K qualiify under HAFA or is the transaction not eligible for HAFA? 
Permalink Reply by Patsy Clevenger on March 22, 2011 at 10:56am

http://www.makinghomeaffordable.gov/programs/exit-gracefully/Pages/...

1st loan would have to be under 729K.  Hope this helps

Permalink Reply by Dianne Burnett on March 24, 2011 at 6:12am

and the loan must be originatied before jan of 2009

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