Hello neighbors,

Alex Charfen, co-founder of the Distressed Property Institute, briefly discusses new HAFA guidelines while at the Ritz Carlton in Henderson, Nevada, which he describes as a ghost town due to the recent recession.

Charfen describes the new guidelines on short sales and processing as great. He also goes on to say the government has gotten involved and have realized some people will have to move due to the current unemployment situation. Therefore, the new guidelines will focus on short sales opposed to mortgage modifications, foreclosure alternatives, and etc.