HAFA Program

The Home Affordable Foreclosure Alternatives (HAFA) ends December 2012 Take advantage of this great program!
This program is sponsored by the federal government to help individuals and families that are experiencing difficulty in selling their homes.
To Qualify for the Home Affordable Foreclosure Alternatives (HAFA) Program, you must:
It must be your primary residence
Less than $729,000 on 1st mortgage only/2nd loans OK
Loan originated prior to Jan 1, 2009
Must have financial hardship (ie. job loss, reduced income, divorce, etc.)
Mortgage including taxes & insurance must be over 31% of borrower monthly gross

Benefits of the HAFA program:
No cost to you; the lender pays the Realtors commission and all fees
$3,000 – $5,000 to you at closing for moving expenses under HAFA
Short sale approval in advance: no existing buyer or offer required to apply
Lenders required to release all deficiencies
The best possible outcome for you the borrower
A better option when facing foreclosure, deed in lieu or bankruptcy which can affect your credit for 7-10 years.
Our National Real Estate Agent network comprised of local, qualified experienced HAFA/CDPE certified professionals
Automatic Deed of Lieu if your property does not sell