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REALTORS® need to know consumers’ options when it comes to short sales and foreclosures, according to Pat Moyer, a REALTOR® and real estate instructor. Moyer will be teaching NAR’s “Home Affordable Foreclosure Alternatives (HAFA) Short Sales: The Complete Course” on Monday, Dec. 6 at Triple Play 2010 in Atlantic City. Pre-registration is required.
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The federal government is trying to streamline the short sale process, thanks to new changes implemented in the federal government’s Home Affordable Foreclosure Alternatives (HAFA), according to Pat Moyer, a REALTOR® in Malvern and an instructor of NAR’s Short Sales and Foreclosure Resource certification course.
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In just over two years, the Distressed Property Institute has trained more than 20,000 real estate professionals who have received the Certified Distressed Property Expert (CDPE) designation. Membership has doubled in the last seven months and there are currently 317 CDPE designated agents in Pennsylvania.
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HAFA is a government-sponsored initiative overseen by the U.S. Treasury Department and administered by Fannie Mae. It assists all Home Affordable Modification Program (HAMP)-eligible homeowners in avoiding foreclosure, specifically through short sales or deeds-in-lieu of foreclosure.
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HAFA’s intent is to assist borrowers who cannot stay in their homes, to help them avoid the foreclosure and to provide an easier transition, according to Danielle Kutch, policy analyst with the U.S. Department of Treasury.
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Wednesday, Feb. 8, 2012
