No silver bullet for short sales

OK, the HAFA program which was supposed to be a silver bullet for short sales is apparently missing the mark.

This program was designed to speed up the process to answers to offers within 10 days, no deficiency judgments, money for the seller to move etc. on primary residence homes.

Turns out it only applies to a very small part of the short sale market, no Fannie Mae or Freddie Mac, no loans that involve an investor who did not sign on to the program etc.

The reality here is unless this program is tweaked dramatically it will help very few people speed up the short sale process.

There was no silver bullet here.

Greg Owens P.A.
Keller Williams On the Water
Realtor
941.932.6343
greg@teamworksfla.com
www.teamworksfla.com