HAFA Certified Real Estate Broker Helping Homeowners Avoid Foreclosure

When it becomes too difficult financially to maintain homeownership, there are options to avoid foreclosure.  When you short sale your house, you can sell for an amount that's "short" the amount you still owe.  The advantage of the HAFA program is that it can Ease the Transition.  The HAFA program, as of Feb. 2015, now offers $10,000 in relocation assistance, and release of liability from your mortgage debt and typically less damage to the credit by avoiding the foreclosure and a quicker path back to homeownership than with a foreclosure.
Most homeowners consider short selling their home if unable to qualify for a loan modification, have a mortgage payment adjustment which is now not affordable or no longer wish to keep the home.  When the mortgage becomes unaffordable, you might find it beneficial to move to places where the cost of living is less.  It is important to act quickly, however if you are currently not paying because the lender may file a Notice of Default which is the foreclosure process.  Most lenders to not allow homeowners to be reviewed for HAFA eligibility if there is a foreclosure sale date less than 60 days away. 

HAFA Eligibility Matrix

  1. Wells Fargo HAFA Matrix
  2. Citimortgage HAFA Page with Matrix
  3. Chase HAFA Matrix
  4. Bank of America HAFA short sale page and matrix

The HAFA eligibility matrix a participating lender is required to provide and it gives a brief summary of information on HAFA so borrowers can understand how the programs works.  Visiting the government sites at makinghomeaffordable.gov or visiting the hpadmin.com site is helpful for myself in finding the MHA Handbook for updates in guidelines and important HAFA forms as well as information about the Escalation Process with the HAMP Solution Center.

To find out if you are HAFA eligible, contact myself, Jason Hector at 818-357-9658.  The Treasury Department Home Affordable Foreclosure Alternatives Program (HAFA) has been a huge help in providing protections and incentives for homeowners and helping streamline the process for myself.  There are specific guidelines, timelines for lender and homeowner response as well which help to keep the files moving through the HAFA short sale process.
Also, if you are under review for one of the many MHA programs such as HAFA short sale, HARP Refinance, or MHA Modification, I use the HAMP Solution Center Escalation Process if necessary.  This process can be used to open escalation cases for servicers or lenders when they are not following the guidelines in the MHA Handbook for under one of the Making Home Affordable Programs.  This has been a big help in getting unwilling lenders to postpone foreclosure sale dates and getting compliance when lenders and servicers are not acting according to the HAMP guidelines.  It is my goal to be a generous resource and offer my assistance to those willing to accept help.  The ultimate goal being to assist borrowers in qualifying for the best program they are eligible.

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Jason Ian Hector, CalBRE LIC #01481898
11630 Seminole Cir • Porter Ranch, CA 91326
Cell: (818) 357-9658 •