HAFA and Foreclosure??

I have a short sale listing and the sellers have been approved and agree to participate in HAFA. I thought one of the benefits was that the foreclosure process is halted? Not necessarily that the clock stops ticking, but that you were assured that you would not be foreclosed on while in the program?

My sellers received a notice of trustee sale on their door today.

The SS has not been assigned to a negotiator yet; so I am wondering if that is why and this will be dealt with at that time?

Thanks so much!!

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Replies to This Discussion

Permalink Reply by Sameer Punjani on January 25, 2012 at 12:36pm

If theres an auction date set, they can't participate in HAFA. You need to do a regular sale and hope they postpone the sale.

Check out this other forum

http://shortsalesuperstars.com/forum/topics/boa-hafa-short-sale-dec...

Permalink Reply by Laurie Lock on January 25, 2012 at 1:08pm

Oh they were approved to participate first. there was not sale date set at that time.

Permalink Reply by Robin B. Cook on January 25, 2012 at 4:45pm

I just closed a HAFA short sale in November and the foreclosure date was postponed twice.

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