Short Sales have been taking so long & many homeowners worried about how their credit would be affected. They have been on the fence. What is the right thing to do…Miss payments or Stay Current?
The federal Treasury Department’s short sale program, HAFA, has been updated again and these new changes mean more homeowners will be eligible for help. Part of Making Home Affordable, the federal short sale program offers many benefits for borrowers who can no longer afford to keep their home. The government is determined to help lenders, servicers and borrowers move through this process more quickly and clear out the delinquent loans asap.