AVOID FORECLOSURE
AT ALL COSTS

Home Affordable Foreclosure Alternatives (HAFA) Program

Benefits of a HAFA Short Sale:

• ZERO liability for the deficiency you owe to your lenders
• Receive up to $10,000 to help pay for relocations
•  100+ mortgage servicers participate in the program
• OR your mortgage is owned by either Fannie Mae or Freddie Mac
• The Attorney on our Short Sale Team enforces HAFA compliance for your home

Qualifications for a HAFA Short Sale:

• Documented financial hardship.
• No new home purchases within the last 12 months.
• First mortgage is less than $729,750
• Mortgage start date is prior to January 1, 2009
• No real estate transaction or mortgage felony convictions within the last 10 years
• You live in the home or have lived there in the last 12 months.

HAFA has clear deadlines put in place to keep the process streamlined unlike those of other short sales. Mortgage servicers must evaluate homeowners for HAFA within 30 days after one of the eligibility criteria is met. Once eligibility is determined, any and all foreclosure activity must cease on the property during the short sale process.

One challenge in the HAFA short sale is the requirement of professionals who are familiar with the HAFA program to make sure that the lender/servicer is playing by the rules and properly evaluating the file for eligibility. Our team enforce lender compliance and will create a strategic plan which addresses your entire financial situation.
Go to    bit.ly/1FPC6du     for more information on our Short Sale Information Hotline.