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Hope for Homeowners Program
HAFA PROGRAM - The federal government announced the short sale program guidelines for the Home Affordable Foreclosure Alternatives (HAFA) program which will go into effect on Monday, April 5, 2010. Bank of America Home Loans is implementing HAFA, the program designed to help those customers who were not eligible for the Home Affordable Modification Program (HAMP) or any other modification. For more detailed information on the HAFA program, go to the National Association of Realtors site.
BofA Short Sales - On April 12, 2010, Bank of America officially announced that all short sales will be done through the website equator.com, which is a foreclosure website designed for sales agents and homeowners.
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