HAFA and HAMP (Does anyone really care) – Short Sale Power Hour
February 17, 2010 / /
Today on www.ShortSalePowerHour.com Kevin and Fred of Group 46:10 – Arizona’s Premier Short Sale team discuss HAFA/HAMP and general thoughts on the Govt. being involved in the Short Sale Process.
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About the Authors
Kevin Kauffman & Fred Weaver
Kevin and Fred the founders of Group 46:10. Over the last 10 years Kevin and Fred, and their team have closed tens of millions in real estate all over the country and have created some of the best training for agents in the market. Kevin and Fred are also highly sought after teachers whose work has helped agents all over the country build their own next level real estate business.
Love the picture today! 🙂
Can’t wait for the rest of the episodes on this subject. Thanks for taking the time to shed more light on it – also thanks for saving us all the cost of replacing toners (some of us have to save every penny for that 20k lic renewal fee, he he) Don’t you think they should rename the program “HEMP” LOL – coz once the borrower goes thru it they’re in a stoned daze 🙂
You should ask my boy Lee about this. Or better yet, Trent. There are over 750K ‘trial loan mods’ in process, but only 67K have been approved since MHA was initiated… I bet that banks will STOP offering MHA loan mods if it requires them to do HAFA short sales. There are way too many hoops to jump through and way too little incentive to the lenders.
Great insight Trent, I mean Lee’s Mom.
On a serious note, we expect you to have some great content for us when we see you next week/this weekend. Come ready to film some more Short Sale Power Hour episodes! This time around, you’ll have a few more viewers then back in November – so step up your game! 🙂
Hey guys, here is the list of HAFA/HAMP servicers you were asking about: http://makinghomeaffordable.gov/contact_servicer.html
Great video. Really puts the whole thing into perspective. And we were all so excited about lenders responding in 10 days under the HAFA program. In reality this alternative would take more time than a regular short sale because it probably takes 90 days for the lender to decide if the borrower qualifies for HAFA.