What is Hafa in real estate?
Key Takeaways. The Home Affordable Foreclosure Alternatives (HAFA) short sale program was a government-sponsored program designed to ease the process of real estate short sales. It was effective from April 5, 2010 through December 31, 2016. Homeowners seeking relief must now work directly through their lender.
What is HAFA program?
As a component of the Making Home Affordable Program (MHA), the Home Affordable Foreclosure Alternatives (HAFA) initiative offers eligible borrowers who did not qualify for or complete a permanent modification under the Home Affordable Modification program (HAMP) or another home retention option to avoid foreclosure.
What is home affordable foreclosure alternatives?
The Home Affordable Foreclosure Alternatives (HAFA) Program The HAFA program allows borrowers to leave their properties through two possible means, a short sale or a deed in lieu of foreclosure. Short sales require you to sell your house for less than what you still owe on your mortgage.
Where do they say half a day?
The Chamorro phrase of the day is “Hafa Adai!” (pronounced as Half A Day), which means hi or hello. “Hafa Adai!” is used the same way as the word “Aloha” in the Hawaiian Islands.
Which of the following criteria must be met to qualify for the Home Affordable foreclosure Alternatives HAFA program?
Qualifications and Eligibility You may be eligible for HAFA if you meet all of the following criteria: You have a documented financial hardship. You have not purchased a new house within the last 12 months. Your first mortgage is less than $729,750.
How do you say hi in Saipan?
Hafa adai! (That’s how you say “hello” in the Mariana Islands.)
What is a HAMP modification loan?
The Home Affordable Modification Program (HAMP) was a loan modification program introduced by the federal government in 2009 to help struggling homeowners avoid foreclosure. The program’s focus was to help homeowners who paid more than 31% of their gross income toward mortgage payments.
Who owns Saipan island?
Saipan, island, one of the Mariana Islands and part of the Northern Mariana Islands commonwealth of the United States, in the western Pacific Ocean.
What are Chamorros mixed with?
The Chamorros are primarily Austronesian, but many also have Spanish, Mexican or Filipino ancestry. Native Guamanians, ethnically called Chamorros, descend primarily from Austronesian peoples and may also have other ancestries, such as Spanish, Mexican, Filipino, or Japanese.
What does Hafa mean in Chamorro?
What race is Chamorro?
Austronesian
The Chamorros are primarily Austronesian, but many also have Spanish, Mexican or Filipino ancestry. Native Guamanians, ethnically called Chamorros, descend primarily from Austronesian peoples and may also have other ancestries, such as Spanish, Mexican, Filipino, or Japanese.
Is it nice to live in Guam?
Life in Guam tends to be relaxed and pleasant. If you don’t mind the isolation that you’ll experience when living in Guam, then you will find that it tends to be quiet, relaxed, and pleasant. You’re surrounded by the Pacific Ocean with no one close to you.