This month the Treasury Department introduced the HAFA program to give homeowners short sale and deed-in-lieu of foreclosure options. HAFA provides incentives to borrowers and loan servicers. For more information on HAFA click here: http://www.realtor.org/government_affairs/short_sales_hafa
Contact me and I will help you determine if you are HAFA eligible and if your loan servicer is participating.
This is a great improvement for borrowers who are trying to short sale. HAFA will speed up the short sale process by pre-approving short sales before they are listed on the market!