On a December 17, 2012 live broadcast, Laurie Maggiano from the U.S. Treasury along with Alex Charfen who is the CEO and Co-founder of Charfen Institute will discuss how the November 19th 2012 streamlining and standardization guidelines to the HAFA short sale guidelines help the overall process of the HAFA short sale. This will be important for all Phoenix realtors dealing with Arizona short sales to understand.
Guidelines to be discussed will include but not be limited to:
1. New pre determined hardship categories for the borrower
2. Certain documents for certain qualifying homeowners will no longer be required
3. Abbreviated timelines on required documentation for HAFA deals
The overall goal seems to be to align HAFA short sale program procedures with Fannie Mae and Freddie Mac short sale guidelines and to keep the process down to 30 days.
We are a team of Phoenix Arizona realtors and we specialize in assisting Arizona distressed homeowners with their Phoenix short sale real estate ultimately helping them reposition themselves for future Phoenix home purchases.