Hello neighbors,

There's a new video hitting the real estate scene to help homeowners gain a better understanding of the Home Affordable Foreclosure Alternative (HAFA). The new video tutorial recently released by The Distressed Property Institute, LLC, explains the new short sale and deed-in-lieu processes created by HAFA.

"What in the World is HAFA" will educate homeowners on time lines, benefits, incentives, and best practices outlined by the Making Home Affordable (MHA) program released earlier this month on April 5th.

The HAFA program was implemented to help distressed homeowners avoid foreclosure by offering incentives for completing a short sale or deed-in-lieu of foreclosure.

Other releases by the institute have included "HAFA Decoded", a video viewed by approximately 10,000 real estate agents and a free resource called Understanding HAFA which provided homeowners and agents with information on the new HAFA program as well as answers to common questions.