Distressed Property Institute Produces HAFA Resource Video, Helps Homeowners Understand New Foreclosure Alternatives

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Authors of the CDPE designation – the number-one short sale training course – have created a groundbreaking video to educate homeowners on the Home Affordable Foreclosure Alternatives (HAFA) Program, explaining the new rules for short sales and deeds-in-lieu.

Knowing the importance of this program and its potential benefits to homeowners, it has been our goal to become the leader in HAFA training and information

The Distressed Property Institute, LLC today released a video tutorial for homeowners, explaining the new short sale and deed-in-lieu processes created by the Home Affordable Foreclosure Alternatives Program (HAFA). “What in the World is HAFA” incorporates the timelines, benefits, incentives and best practices outlined by the new program released by Making Home Affordable (MHA) on April 5, 2010.

“HAFA a giant step in the right direction to help the millions of U.S. distressed homeowners currently looking for options,” Alex Charfen, co-founder and CEO of the Institute, said. “But in order for it to be as effective as possible, the homeowners who potentially qualify first need to know about the program, as well as understand its benefits. This is what we hope to accomplish with our educational video.”

On April 6, the Institute broadcast its live real estate industry alert “HAFA Decoded” to an estimated audience of 10,000 real estate professionals. In addition, the Institute created Understanding HAFA (http://www.cdpe.com/hafa), a free resource to agents and homeowners with all available information on the program, as well as answers to common questions.

“Knowing the importance of this program and its potential benefits to homeowners, it has been our goal to become the leader in HAFA training and information,” Charfen said.

The HAFA program will aid homeowners in avoiding foreclosure through a short sale or deed-in-lieu of foreclosure by providing financial incentives to lenders and homeowners, and enforcing timelines on every step of the process.

About the Distressed Property Institute, LLC
The Distressed Property Institute trains real estate professionals to engage with and assist homeowners facing hardships. The Institute has developed a curriculum to provide the tools and knowledge to handle distressed properties, including short sales, deeds-in-lieu, mortgage modifications, forbearance, refinances, reinstatements and, if that fails, how to help homeowners through the foreclosure process. After completing a comprehensive on-site or online course, graduates are awarded the Certified Distressed Property Expert® Designation.

About the CDPE Designation
The CDPE Designation provides real estate industry professionals with detailed information on how to engage with and assist homeowners in distress. The CDPE designation has been endorsed by RE/MAX International, Keller Williams Realty and other major U.S. brokerages, as well as industry icons such as: Brian Buffini, founder of Buffini & Company; Howard Brinton, founder of STAR POWER® Systems; Allen Chiang, Chairman of the Asian Real Estate Association of America (AREAA); Tino Diaz, Chairman and President of the National Association of Hispanic Real Estate Professionals (NAHREP); Dave Liniger, chairman and co-founder of RE/MAX; and Joe Stumpf, founder and national spokesperson of By Referral Only®.

For more information about The Distressed Property Institute and the CDPE Designation, visit http://www.cdpe.com.


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