Effective February 1, 2015, if short sale is approved through HAFA, $10,000 relocation assistance funds will be paid to property occupant. This has been increased from $3,000. Also, new directive states senior lien can allow up to $12,000 to junior lien up from $8,500 in the past. Treasury will reimburse first lien $2 for every $3 they provide to junior lien at short sale closing. All the HAFA changes are available on the link below:
https://www.hmpadmin.com//portal/programs/docs/hamp_servicer/sd1404.pdf
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