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Jun 18
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Home Affordable Foreclosure Alternatives (HAFA) Short Sale

Part of the Federal Government’s Making Home Affordable (MHA) program, the Home Affordable Foreclosure Alternatives (HAFA) program was developed to give homeowners a way to settle their mortgage debt without going through a foreclosure. The program offers a streamlined method for selling your home in a short sale. If you’re unable to sell your home in a short sale, the program also offers a deed in lieu option. Under the HAFA program, homeowners that sell their home in a short sale or sign it over in a deed in lieu are offered incentives to help them with relocation.

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Fast Facts (October 2011)
Wednesday, 19 October 2011 22:18

Calif. median home price: September 2011: $287,440 (Source: C.A.R.)
Calif. highest median home price by region/county September  2011: Marin: $786,590 (Source: C.A.R.)
Calif. lowest median home price by region/county September 2011: Siskiyou County: $113,330 (Source: C.A.R.)

Calif. Pending Home Sales Index: August 2011: 125.3, an increase of 12.6 percent compared with a prior year.

Calif. Traditional Housing Affordability Index: Second quarter 2011: 51 percent (Source: C.A.R.)

Mortgage rates: Week ending 10/13/2011 30-yr. fixed: 4.12 fees/points: 0.8% 15-yr. fixed: 3.37 fees/points: 0.8% 1-yr. adjustable: 2.90% Fees/points: 0.6% (Source: Freddie Mac)

 
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