On April 5, the federal Home Affordable Foreclosure Alternatives Program (HAFA) went into effect with the goal of accelerating short sales by providing incentives and guidelines for short sales and deed-in-lieu of foreclosures.

Watch this video “Understanding Federal Short Sales Rules: HAFA (Revised, Apr. 5)” from National Association of REALTORS® and link to more short sales resources from www.illinoisrealtor.org/shortsales.