The California Association of Realtors (“CAR”) HAFA certification (CHS) is designed for real estate professionals to understand 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 is currently the only program that uses standard processes, documents and timelines for eligible short sale and deed in lieu transactions. It is imperative that the agent you hire understands the government programs as well as the lender/servicer guidelines in order 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 without further obligation to the bank.
If you are interested in learning more about HAFA – the new government short sale program, then give me a call. I am certified and understand the guidelines of the program.