What the “HAFA” is This New Government Short Sale Program All About?

Posted by Patrick Precourt in Business, Industry Changes, Investment, Preforeclosure, Real Estate, Short SalesFeb 19th, 2010 | one response

Will the sweeping changes coming in April 2010 regarding the HAFA short sale program affect your real estate business? It might! Make sure you listen in as I uncover what the program is, how it will affect what you do today and the real truth behind it.  We also cover how you overcome the objection by realtors regarding deficiency judgments for a NON-primary residence,  how the government wants to take away one of our exit strategies and how we sell our properties, how to correctly implement your online presence, and much more.  Visit www.FridayCoffeeBreak.com for more real estate videos from North Shore Enterprises.  You might also want to check out the Short Sale Bootcamp coming up in March down in Orlando, FL by visiting www.ShortSaleBootcamp2010.com.

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One Response to “What the “HAFA” is This New Government Short Sale Program All About?”

1. Mark Atkins says:

   February 20, 2010 at 12:53 am

   Pat,

   Thanks for all of the great content…You give away more information in your Friday Coffee Breaks than these so-called gurus charge 1,000s of dollars for in half ass courses. Keep up the good work!!! My questions is regarding the FDIC Shared Loss Agreements and how it will impact our business? I’ve been hearing a lot regarding these back door agreements that the acquiring banks have with the FDIC since 1991…Can you shed more light on how this will affect the short sale industry? Will banks be less likely to do shorts sales and just foreclose on homeowners? Do the Shared Loss Agreements supercede the HAFA program starting in April or the up coming Freddie Mac or Fannie Mae guidelines on short sales? Thanks!

   Mark E. Atkins,
   The New Century Realty Group, Inc.

   Reply

About Me

Patrick Precourt is one of the most successful preforeclosure investors in the Northeast and across the nation. He started in the preforeclosure business in the late 90’s. In 2002, he founded North Shore Enterprises, a professional real estate investment company specializing in preforeclosure and short sales. Since then his team has completed well over 500 short sales and will pass the 600 mark in 2009.