One West | Indy Mac Short Sale Specialist

The HAFA Short Sale Program is primarily designed for homeowners with a documented hardship who are unable to afford keeping their home even after receiving a loan modification under the Home Affordable Modification Program (HAMP) or other loan modification program because the new payment is still not affordable.  Under HAFA, homeowners may be able to avoid a foreclosure by selling the home as a "short sale" (where the value of the home is less than the remaining amount of the first mortgage).  Information on HAFA Short Sales can be found on the Federal Govt's Home Affordable Foreclosure Alternatives site: http://makinghomeaffordable.gov/hafa.html.

As a former Citibank personal banker, I am very familiar with navigating through the bank systems.  In terms of doing short sales, One West Bank somewhat responsive, organized and pro-active during the short sale process and in my experience, very unwilling to do any loan modifications which is unfortunate because I have several Indy Mac loan clients who are stuck in difficult loans.