Servicers completed 2,213 pre-foreclosure short sales and deeds-in-lieu (DIL) under the government’s Home Affordable Foreclosure Alternatives (HAFA) program during the month of June. While barely a dent in the number of homes in the pre-foreclosure stage, Treasury’s latest report shows the program is beginning to pick up steam. The number of completed HAFA transactions climbed 55 percent compared to the 1,428 transactions completed in May. That follows a 70 percent jump in finalized HAFA deals between the months of March and April.
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