Do you offer the HAFA Program?

The HAFA incentive program has stopped accepting applications as of January 1, 2017. Other relocation assistance programs are still available from specific lenders and areas. Call us at 1‑800‑760‑9156 for program alternatives or learn more. .

What is the HAFA Program?

The Home Affordable Foreclosure Alternatives Program was a federal government program 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 2009, numerous complaints were heard industry wide about the feasibility of obtaining help through the HAFA program. The problems were so big in fact that its brother, the Home Affordable Modification Program (HAMP), was considered a failure. The HAFA program allowed homeowners to possibly receive up to $10,000 for relocation expenses.

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. Please 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
  • Your outstanding loan debt is not more than $750,000

Are there other relocation program funds available?

Many lenders have their own programs to provide relocation assistance for homeowners wishing to pursue a short sale. We will always apply for relocation assistance through all programs that a lender offers. Some programs such as California's Transition Assistance Program (TAP) have exhausted their relocation assistance funds.
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