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Do you offer the HAFA Program?

Yes! Premiere California Realty has industry leading expertise with the Home Affordable Foreclosure Alternatives (HAFA) program. With the HAFA program, you may receive up to $3,000 for relocation expenses.

What is the HAFA Program?

The HAFA program is sponsored by the federal government and is intended to assist lenders and homeowners by streamlining the short sale process. It was developed to help homeowners settle their mortgage debt to avoid going through a foreclosure. When the program was implemented in 2010, numerous complaints were heard industry wide about the feasibility of obtaining help through the HAFA program. The problems were so big in fact, that it’s brother, the Home Affordable Modificaiton Program (HAMP), is considered a complete failure. The good news is that recent policy implementations have loosened the HAFA program requirements for distressed homeowners.

HAFA Eligibility:

If you do not meet eligibility for the Home Affordable Foreclosure Alternatives program, other programs with similar benefits can be available to you. Call one of our advisers toll free at 1-866-923-2568 to explore your options. Some of the qualifications are:

  • Your home is worth less than what you owe to the lender
  • Your current mortgage was taken out on or before January 1, 2009
  • You are experiencing a hardship and cannot afford your current monthly payment
  • The home is your current principle residence OR the property has been rented out or vacant for less than 12 months
  • You are more than 60 days late on your mortgage payment
  • You have cash reserves less than $5,000 or less than three times the current mortgage payment
  • You are not less than 60 days from a foreclosure sale date
  • Other Common Questions

    California Association of Realtors

    Important Notice

    The Mortgage Forgiveness Debt Relief Act expires at the end of this year. Don’t get caught paying tax penalties by waiting to short sell. Click here to learn more.

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    Looking for the estimated value of your home in this down market? We have the tools to help you: Home Value Calculator

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