There is a lot of good information to answer your question. If you would like to read the complete HAFA announcement, use this link. https://www.hmpadmin.com/portal/docs/hafa/sd0909r.pdf
I'm not sure who your servicing lender is and it will be important to know if they are the tru servicing lender or have servicing rights but really are servicing for another investor. B of A has a bad reputation for short sales yet Thursday 4/8/10 I attended their seminar which is claiming to want to overcome this label.
Click here and it will take you the blog which details their steps in complying with HAFA and what the process to expect will be with them. http://www.trulia.com/blog/crystal_beard/2010/04/b_of_a_announces_they_will_comply_with_hafa_short_sales_to_be_streamlined
Crystal Beard - Lending throughout the State of Oregon