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Tag Archive: HAFA
2 HAFA Classes for CE Credit
HAFA – Home Affordable Foreclosure Alternatives – August 18th
We have been inundated with information and rules about SHORT SALES for the last two years. Knowing more information about SHORT SALES only helps you become the most informed and knowledgeable Realtor. As well, this helps limit you and your clients liability. Well, just when you thought you had all the information that you need, the government creates a new program to help facilitate modifications, SHORT SALES and foreclosures. This is HAMP and now the big brother HAFA.
I am providing a class on HAFA on Wednesday, August 18th 9:00am – 12:00pm at the SAFEGUARD corporate office. 8454 North 90th Street, Scottsdale, AZ 85258. Please RSVP to BRYANJONES@TALONGROUP.biz. This class will provide you with an understanding of what the heck HAFA is and how prevalent will it be in our market in the coming months. As well you will receive 3 CE hours of LEGAL.
I will make every effort to accommodate all who want to attend. If you are not a Realtor and want to find out about HAFA I will be happy to take your name and as the class gets closer let you know of seating availability.
Thank you for always considering The Talon Group- Paradise Valley. Please remember we appreciate the business.
Bryan Jones
Senior Marketing Director
The Talon Group – Paradise Valley
602.510.9351
bryanjones@TalonGroup.biz
Making Home Affordable (HARP – HAMP – HAFA) – August 31st
Learn the latest rules and guidelines in assisting clients to solve their real estate problems.
Presented by David Compton and Westford College
• Negotiate more effectively with Short Sales Lenders
• Minimize the uncertainty of Short Sale Approvals
• Learn how to successfully close more transactions
• Provide additional resources and services to your clients
• Utilize the HARP/HAMP/ HAFA programs to solve problems and work more effectively with lenders on difficult loans
• Learn tangible potential solutions you did not have before
• BONUS….The 12 Commandments on Approaching Lenders on BPO’s, REO’s and Short Sales
Tuesday, August 31st 2010
1:00 pm to 4:00 pm
Phoenix Association of Realtors
5033 N. 19th Ave • Phoenix, AZ 85015
RSVP by emailing Cynthia Lujan at clujan@ortc.com
Proudly Brought to you by:
Allison Hudgins, Old Republic Title Branch Manager
Cynthia Lujan, Old Republic Title Sales Executive
Office: (602) 996-4301Stacey Gross, Old Republic Home Warranty
Direct: (800) 282-7131 Ext. 1164
StaceyG@orhp.comJohn Rapasky, Counsel Mortgage Group
Direct: (602) 996-4301
John@counselmortgage.com
Free HAFA Class with CE Credit at PV Office
**CLASS IS FULL**
Bryan Jones with the Talon Group has organized a class on the government foreclosure alternative program HAFA to be held July 21st at the PV Office from 1-4pm. (Class Flyer)
For those of you that have been to the Kiva room at the PV office, you know space is limited. Please be sure to let bryanjones@talongroup.biz know you’re coming!
Short Sale Think Tank – June 24th
What: Open Office Think Tank Meeting at the JHA Glendale office – 10 a.m. – June 24th
Who: Open Office = ALL Valley REALTORS® are welcome, not just John Hall & Associates REALTORS®
Purpose: Meeting of the “minds” of all REALTORS® who are in the trenches processing Short Sales and want to share and benefit from others’ experiences. We will discuss recent issues/successes/findings and processes. HAFA program – have you done one – is it working/not working.
This meeting is not for the faint of heart and not a “how to” for beginners. Our ultimate goal is to benefit ALL of us REALTORS® and our treasured clients. Throw out the old ideas/conceptions of doing it on your own and mucking through the mess. It’s time to share our knowledge and ideas for the common good!!
If you are not afraid or intimidated and are open to this idea contact Deidre St. Romain at deidre@johnhall.com and/or Elise Fay and efayinaz@cox.net. No vendors, no doughnuts, no coffee – bring your own and let’s learn from each other!!!
RSVP by June 21 so we know how much space we need in the office.
thank you!!!
Deidre St Romain
Goodyear REALTOR®
What is HAFA?
Well, it stands for Home Affordable Foreclosure Alternatives Program but that doesn’t really give you any details. It’s is a short sale assistance program that the government rolled out April 5, 2010 in order to help homeowners avoid having to go through a foreclosure. There are a lot of details to this program, but a few of the benefits that I’ve heard include:
- Up to $3,000 for Seller to relocate
- Specific communication timeframes that bank and seller must play by. Meaning you get a response from the bank within 2 weeks of submitting purchase offer.
- Borrowers are released from future liability for the first mortgage debt (no cash contribution, promissory note, or deficiency judgment allowed)
How do you find out if you’re eligible for HAFA?
Straight from MakingHomeAffordable.com:
Mortgage servicers and investors write their own guidelines under the Federal requirements to determine how to implement the program. For more information about your options, you should contact your mortgage servicer. If you have questions about the program, or want guidance about how these options may impact your personal situation, you may wish to speak to a HUD-approved housing counselor for free.
Is your loan servicer working with HAFA?
Check this website to see if your Mortgage Servicer is on the list.
HAFA Resources
There is excellent information on the Making Home Affordable website, REALTOR.org has published a HAFA FAQ PDF, and last but not least, here is a 2 minute video produced by CDPE.com explaining more about the program.
So what’s the word from the REALTORS® out there on the streets helping homeowners with short sales? Have you closed deals using the HAFA program?
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