Starting February 1, 2013, the Home Affordable Foreclosure Alternatives
program (HAFA) will undergo some major changes that will speed up the
short sale approval process. Servicers must make a decision on a
borrower's short sale request within 30 days, and borrowers who are 90
days delinquent and have a FICO score under 620 will have a
pre-determined hardship. More changes are coming too!
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Lisa Aguilera, The Aguilera Real Estate Team
