HAFA Program – Home Affordable Foreclosure Alternative Program

In 2009, the Treasury Department introduced the HAFA program to provide a viable option for homeowners who are unable to keep their homes through the existing Home Affordable Modification Program (HAMP).   Many homeowners may feel that they can no longer afford their home, but want to avoid the negative effects of foreclosure.

The Home Affordable Foreclosure Alternatives (HAFA) Program offers homeowners, their mortgage servicers, and investors an incentive for completing a short sale or deed-in-lieu of foreclosure. With these options, under HAFA, a homeowner leaves their home to transition to more affordable housing and alleviate the mortgage debt they owe.

© 2012 Charfen Institute | All Rights Reserved
Andre Bowdry, Realtor/Broker has the training and expertise to help financially distressed homeowners. As a certified Short Sale Advisor, we can help anyone faced with an unmanageable mortgage and advise them on the possibility of a short sale including the soon to be Revised (June 2012), Home Affordable Foreclosure Alternatives (HAFA) Program (as outlined in the video clip above).

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