Fannie Mae & Freddie Mac HAFA Programs on the Horizon

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) June 5, 2010 -- Fannie Mae and Freddie Mac just announced the introduction of their own HAFA Short Sale programs. "They’re both scheduled to be implemented by August 1, 2010, and the programs are very similar to HAFA in that they simplify and streamline the use of short sales and deed-in-lieu (DIL) options and use similar forms and time lines.", states Jacque Koutnik, Realtor CDPE. In addition, like HAFA, the program expires December 31, 2012. However, some of the major differences offered by the new Fannie Mae and Freddie Mac HAFA programs include, but are not limited to:

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Fannie Mae & Freddie Mac HAFA Programs on the Horizon

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- Both institutions will pay the servicer a $2,200 incentive fee for successful short sales
- Both institutions will pay the servicer a $1,500 incentive fee for all successful DILs
- The Deed for Lease (D4L) is available for borrowers who request and are approved to remain in the property following a successful DIL

Jacque explains, " This is going to really help streamline the Short Sale process for all homeowners, lowering the number of unneeded foreclosures we see in Jacksonville.

See more About the Story: http://jacquekoutnik.com/fannie-freddie-hafa-short-sale/

About: Jacque Koutnik, CDPE, Jacksonville FL Realtor

A Realtor for Watson Realty in Jacksonville Florida Jacque is also a Certified Distressed Property Expert, helping home owners all over Jacksonville Florida save or sell their homes.

Contact:
Jacque Koutnik
904-718-2192
JK AT jacquekoutnik.com

More information can be found online at http://jacquekoutnik.com/

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