HAFA short sale guidelines now in effect.

On April 5, the federal Home Affordable Foreclosure Alternatives Program (HAFA) went into effect with the goal of accelerating short sales by providing incentives and guidelines for short sales and deed-in-lieu of foreclosures.

Watch this video “Understanding Federal Short Sales Rules: HAFA (Revised, Apr. 5)” from National Association of REALTORS® and link to more short sales resources from www.illinoisrealtor.org/shortsales.

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