The U.S. Treasury Department's new Home Affordable Foreclosure Alternatives Program (HAFA) is designed to help homeowners avoid foreclosure by completing a short sale or a deed-in-lieu of foreclosure (DIL). HAFA also simplifies and streamlines the use of short sales and deeds-in-lieu of foreclosure by improving the process.

HAFA is a complex program with 43 pages of guidelines and forms, and in order to help everyone better understand the process, RISMedia has published some frequently asked questions that address everything from what HAFA is to determining eligibility and rules regarding real estate commissions.

Read more at RISMedia.

Posted in Education And Training, Buyer Resources, Seller Resources

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