The HAFA program has launched.
There are a number of banks signed up for it.
This reminds me a bit of the HAMP program where they signed on and then seemingly signed off for whatever reason.
It is not a law. It is program instituted by the treasury, the banks, and some others had input.
It is not the answer to end all for short sales however it may be a step in the right direction.
I would be prepared for this to not go as planned, especially the time lines.
Harold Sharpe - Broker
So Cal Homes Realty
California Department of Real Estate License # 01312992