NAR has issued a brochure to help members understand the federal program for helping troubled home owners undertake a short sale rather than lose their home to foreclosure.
The Home Affordable Foreclosure Alternatives program takes effect on or before April 5 and includes uniform procedures, standard forms, and deadlines for lenders.
Fannie Mae and Freddie Mac are developing their own standards based on the federal program. More resources, including a video on the federal short-sale effort, are online. For more contact Jeff Lischer, jlischer@realtors.org, 202/383-1117.
Wednesday, February 3, 2010
Subscribe to:
Post Comments (Atom)
.jpg)
No comments:
Post a Comment
By submitting your comment to this blog, you are allowing ACAR the right to use and/or display it at our discretion.
We reserve the right to remove or edit any comment due to offensive or inappropriate language, relevancy, commercial endorsements, and spam. This could be done manually or due to automated spam detection software. We will not remove or edit comments we disagree with nor will we edit comments to change the commenter’s intention.