If your mortgage payment is unaffordable and you are interested in transitioning to more affordable housing, you may be eligible for a short sale through HAFA ^SM. The benefit of a HAFA short sale is that you are no longer responsible for the difference between what you owe on your mortgage and the amount that your home sells for. You will also receive $3,000 in relocation assistance upon successful closing of your short sale.  In a short sale, the servicer allows you to list and sell the property with the understanding that the net proceeds from the sale may be less than the total amount due on the first mortgage.

Eligibility*

You may be eligible to apply if you meet all of the following:

*Eligibility criteria are for guidance only. Contact your mortgage servicer to see if you qualify for HAFA.

Program Availability

HAFA ^SM is available for mortgages that are owned or guaranteed by Fannie Mae and Freddie Mac or serviced by over 100 HAMP ^SM participating servicers. A list of HAMP participating servicers can be found here . Each individual case is different and you need the assistance of a licensed real estate professional like myself, so the most important step you can take is to reach out and get me involved. I look forward to helping you.