Do you offer the HAFA Program?

Yes! California Short Sale Solutions has industry leading expertise with the Home Affordable Foreclosure Alternatives (HAFA) program. With the HAFA program, you may receive up to $3,000 for relocation expenses.

What is the HAFA Program?

The HAFA program is sponsored by the federal government and is intended to assist lenders and homeowners by streamlining the short sale process. It was developed to help homeowners settle their mortgage debt to avoid going through a foreclosure. When the program was implemented in 2010, numerous complaints were heard industry wide about the feasibility of obtaining help through the HAFA program. The problems were so big in fact, that it’s brother, the Home Affordable Modificaiton Program (HAMP), is considered a complete failure. The good news is that recent policy implementations have loosened the HAFA program requirements for distressed homeowners.

HAFA Eligibility:

If you do not meet eligibility for the Home Affordable Foreclosure Alternatives program, other programs with similar benefits can be available to you. Call one of our advisers toll free at 1-800-760-9156 to explore your options. Some of the qualifications are:

Your home is worth less than what you owe to the lender
Your current mortgage was taken out on or before January 1, 2009
You are experiencing a hardship and cannot afford your current monthly payment
The home is your current principle residence OR the property has been rented out or vacant for less than 12 months
You are more than 60 days late on your mortgage payment
You have cash reserves less than $5,000 or less than three times the current mortgage payment
You are not less than 60 days from a foreclosure sale date