By now we are all aware of the HAMP program and how it has "extended and pretended" the foreclosure problem in this country ( less than 1% of trial mortgage modifications become permanent modifications).
But you probably didn't know that the HAMP program has a sub-clause called HAFA, and HAFA is going to unleash a closurefraud.org/2010/01/03/hafa-new-program-offers-borrowers-foreclosure-alternatives/"> foreclosure bomb on the housing market this spring.

As part of the Home Affordable Modification Program (HAMP), HAFA provides financial incentives to servicers and borrowers who utilize a short sale or a deed-in-lieu (DIL) to avoid foreclosure on a HAMP-eligible loan.
The HAFA program simplifies and streamlines the use of short sale and DIL options by incorporating the following unique features:
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