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Short Sale Timeline | National Mortgage Settlement

Tweet The National Mortgage Settlement contains standards for short sales that are similar to the Treasury Department’s HAFA (Home Affordable Foreclosure Alternative) program. These standards will improve the short sale process by making short sale requirements available publicly. Also part of the standards is the development of co-op programs to evaluate short sales prior to...


The National Mortgage Settlement contains standards for short sales that are similar to the Treasury Department’s HAFA (Home Affordable Foreclosure Alternative) program. These standards will improve the short sale process by making short sale requirements available publicly. Also part of the standards is the development of co-op programs to evaluate short sales prior to the marketing of the home and implementing a 30-day response requirement after receipt of all required information and third party consents.

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