What is HAFA?

What Is The HAFA Program 

Home Affordable Foreclosure Alternatives (HAFA) There is no guarentee that HAFA will accept a short sale for you; however, if they do not accept ypu we can use the traditional short sale route. 

HAFA provisions if accepted:

Complements Home Afforable Mortgage Program (HAMP) by providing a viable alternative for the current home owners who are HAMP eligible mbut nevertheless unable to keep their home.

HAFA uses borrowers financial information already collected in consideration with HAMP.

Allows borrower to recevie pre-approved short sale terms before listing the property.

Requires borrowers to be fully released from future liability for the first mortgage debt, no cash contribution, no promissory not and no deficiency judgement is allowed.

Uses standard processes and documents.

Provides financial assistance in the form of $3000 for home owners moving allowance.

Requires all servicers participating in HAMP to implement HAFA.

Phone: 770-717-0750 or cliff.hunnicutt@bellsouth.com