A HAFA Specialist is a real estate professional who has completed the Home Affordable Foreclosure Alternative Certification training. The training is designed to understand the Treasury Supplemental Directive 09-09 which was implemented on April 5, 2010.
Working with a San Jose Short Sale Specialist who is also a Certified HAFA Specialist can save you thousands of dollars. If you are considering a short sale, make certain the short sale specialist you hire understands the HAFA guidelines. If you qualify, you may be able to walk away from your home without any further obligation to the bank(s) and be paid $3,000 for moving expenses.
HAFA uses standard processes, documents, and timelines for eligible short sale and deed-in-lieu transactions. The agent you hire must understand the government programs as well as the lender/servicer guidelines to ensure that you are in complete compliance with the HAFA program.
Choosing to work with an agent who is not a certified short sale specialist and who is not HAFA certified can cost you thousands of dollars … not just in losing the opportunity to be paid $3,000 for moving expenses, but also in ensuring that you literally walk away from the short sale and not owe your bank anything.
