HAFA Short Sales, Do They In fact Exist?
July 21st, 2010
Kevin and Fred are lounging on Mission Beach in the San Diego area. It is a bit gray on the coastline, but that isn’t keeping Kevin and Fred from enjoying the seaside. Since relaxing is more crucial to them than chatting in relation to HAFA, they have determined to make this one of the shortest short sale power hour videos ever.
HAFA has proven to be a non issue in the short sale business. Dave Sutherland at Bank of America says it HOFFA, as in Jimmy Hoffa, who is not anywhere to be found. That is a good deal like HAFA, which is not anywhere to be found. Back in March, there was a four letter designation out there and other companies selling their documentation and telling real estate agents that they need to get qualified for HAFA because it was going to be a game changer.
HAFA has not mattered at all. At this juncture we are on July 21st, and HAFA was rolled out on April 5th. So far, of the few hundred agents that Kevin has spoken to in that timeframe, not a single one has reported completing a HAFA short sale.
We aren’t saying that no HAFA Short sales have been closed. We are only saying that we have not experienced it or know any agents that have experienced it. So, here is what we would like from our spectators at the moment. We are requesting your remarks below the video in at least the form of 2 records. First, how many HAFA short sales do you hold in the system. And secondly, how many HAFA short sales have you completed.
The first month that HAFA was rolled out there were lots of trainings to learn about HAFA. Now those education courses are CE credit courses. It seems that all of the lessons that don’t in fact matter goes to a CE credit course since you would only go to it if you could actually get credit for it.
We are hosting a Crush It Short Sale Class in the Phoenix area on Friday, August 13th. It is a real life, in the trenches, information you can employ, lecture. Get signed up today!
If you have questions, get your Short Sale questions answered by Short Sale Specialists.
Watch this and more short sale videos by Kevin and Fred at Short Sale Power Hour
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For more videos on short sales check out Kevin and Fred on the Short Sale Power Hour. Video for Short Sale Specialists.
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Fred Weaver is a founding co-owner of Group 46:10. He has been working in the financing/real estate business for over 7 years. Fred began his real estate career by working for a large wholesale bank as a processor and rate/lock specialist for home mortgages. After 2 years in the business, Fred transferred from the banking side of home loans to the mortgage side. While on the mortgage side of financing, Fred gained experience originating mortgages and processing files for Morgan Capital of Arizona, Inc.
Kevin is a founding co-owner of Group 46:10. He began working in the real estate business in 2007 after spending 8 years working in the finance industry for companies such as Bank One, Green Tree Financial, & GE Capital.