NewsFlash – Residential Real Estate

New Short Sale Rules Impact Buyers
Friday, 19 March 2010 07:50

Bankrate.com
By Michele Lerner
Appeared in print: Thursday, March 18, 2010
http://www.bankrate.com/finance/real-estate/new-short-sale-rules-impact-buyers.aspx

New short sale rules are impacting homebuyers as well as sellers and lenders.

Recently, the federal government instituted the Home Affordable Foreclosure Alternatives program, or HAFA, which is intended to streamline the short sale process, at least for transactions in which the home sellers have mortgages owned or guaranteed by Fannie Mae or Freddie Mac. … read full article

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