HAFA Short Sales, Do They Actually Exist?
July 21st, 2010
Kevin and Fred are lounging on Mission Beach in the San Diego area. It’s a tad cloudy on the beach, but that is not keeping Kevin and Fred from enjoying the shoreline. Because relaxing is more critical to them than chatting regarding HAFA, they have decided to make this one of the shortest short sale power hour episodes ever.
HAFA has proven to be a non issue in the short sale industry. Dave Sutherland with Bank of America pronounces it HOFFA, like Jimmy Hoffa, who is not anywhere to be found. That is a great deal like HAFA, which is not anywhere to be found. Back in March, there was a four letter label out there and other companies selling their certification and telling real estate agents that they need to get qualified for HAFA because it was going to be a game changer.
HAFA has not mattered at all. Now we are on July 21st, and HAFA was rolled out on April 5th. So far, of the few hundred agents that Kevin has spoken to in that timeframe, not a solitary one has reported completing a HAFA short sale.
We aren’t saying that no HAFA Short sales have been completed. We are simply saying that we have not experienced it or recognize any agents that have experienced it. So, now is what we would like from our listeners today. We are requesting your notes under the video in at least the form of two numbers. Firstly, how many HAFA short sales do you possess in the system. And secondly, how many HAFA short sales have you closed.
The initial month that HAFA was rolled out there were plenty of trainings to study about HAFA. Now those instruction courses are CE credit courses. It seems that all of the lessons that don’t really matter goes to a CE credit course because you would only go to it if you might actually get credit for it.
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Fred Weaver is a founding co-owner of Group 46:10. He has been working in the financing/real estate business for over 7 years. Fred began his real estate career by working for a large wholesale bank as a processor and rate/lock specialist for home mortgages. After 2 years in the business, Fred transferred from the banking side of home loans to the mortgage side. While on the mortgage side of financing, Fred gained experience originating mortgages and processing files for Morgan Capital of Arizona, Inc.
Kevin is a founding co-owner of Group 46:10. He began working in the real estate business in 2007 after spending 8 years working in the finance industry for companies such as Bank One, Green Tree Financial, & GE Capital.