Short Sale Realtors: Bloomfield / Birmingham / Novi / Troy / Rochester / Beverly Hills / West Bloomfield / Franklin / Royal Oak / Huntington Woods / Oakland County / Detroit Metro Area The Mike Realtor Team! : SHORT SALE UPDATE: New Changes to HAFA Supplemental Directive Bloomfield Hills, MI Realtor

SHORT SALE UPDATE: New Changes to HAFA Supplemental Directive Bloomfield Hills, MI Realtor

 Making Home Affordable (MHA) just released an update to its Supplemental Directive 09-09 with some important clarifications for agents and participants in HAFA, in particular:

  • Increased homeowner assistance for short sale and deed-in-lieu of foreclosure transaction from $1,500 to $3,000
  • Bankruptcy issues
  • Vacating the property due to relocation
  • Lienholder information

Not sure why this was released on a Friday afternoon, but we'll continue to keep you posted on these developments as they happen. Check our official CDPE HAFA Resource Page for all the updates you need on HAFA.

3 comments • Mike Sher • March 27 2010 08:18AM

Comments

Our suspicion is that there will be lots of changes...we have started a binder....and...

Posted by Sally & David Hanson WI Realtors Luxury\Short Sale\CDPE\ABR\e-Pro\REDS (Keller Williams 414-525-0563) about 2 years ago

Thanks for the update! Have a great weekend.

Posted by Jen Anderson (Exit By the Bay Realty) about 2 years ago

There are so many changes because the old plan wasn't working.  Make sure to post some more details.

Posted by Loan Survivor Real Estate Financing Expert (Purchases, First Time Buyers, Pre-Approvals, Refinance) about 2 years ago

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