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Short Sales
Continue efforts to improve the short sales process; monitor implementation of the Home Affordable Foreclosure Avoidance Program (HAFA) that incorporates NAR's suggestions for a uniform process, standard forms, and deadlines; take action to assure that servicers, investors, and second lien holders make the HAFA program a success; and seek an extension to the tax code provision (scheduled to expire at the end of 2012) that provides relief from taxation on certain mortgage debt that is forgiven by a lender. |