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I would like to pursue a HAFA Deed-in-Lieu instead of a HAFA Short Sale. Why do I need to market and attempt to sell my home through a HAFA Short Sale first?

April 26, 2017attempt deed-in-lieu hafa Home market pursue sale sell short

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I would like to pursue a HAFA Deed-in-Lieu instead of a HAFA Short Sale. Why do I need to market and attempt to sell my home through a HAFA Short Sale first?

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HAFA Short Sale allows you to transition to more affordable housing while, at the same time, making homeownership available to a new buyer. A HAFA Short Sale also generally results in lower losses for your lender and, ultimately, taxpayers. Therefore, you must enter into a Short Sale Agreement (SSA) and market the property using a qualified real estate broker for at least 120 days before you can be considered for a HAFA Deed-in-Lieu.