Welcome HAFA to the Making Home Affordable family!!!
You were born on April 5, 2010 and you might be the best child yet. You have joined some great siblings, such as Home Affordable Modification Program; Home Affordable Refinance Program; Treasury FHA Home Affordable Modification program; and Second Lien Modification Program. Yet, you look at the world differently. You aren't so into preserving the status quo. You are open to change. Instead, of staying in the home, you will either sell it or give it back to the lender. Instead of trying to make a bad situation work, you will cut ties with the baggage and start again. Best thing is you have eliminated all possible liability for a deficiency when a house is sold for less than its loan. Not only do you forgive such a deficiency, but you give financial incentives to those who love to play by your rules. Heck, you have changed the rules by making short sale approval be proactive rather than retroactive. So smart. I can't wait to watch you grow and change an industry. You will reinvent the short sale.