HAFA Short sale program has increased its incentive to short sellers to $10,000
Wayne Solomon, P.A.
? REALTOR? ? Broker? Owner?South Florida Real Estate Professional? e – PRO? Managing Home Buying & Selling Opportunities, Full service Brokerage
What is HAFA Short Sale Program?
HAFA stands for “Home Affordable Foreclosure Alternatives. Under the HAFA short sale program, the government offers mortgage lenders and servicers an incentive for allowing homeowners to short sell their homes.
How Does HAFA Benefit Me?
If you need to short sell, and if you can qualify for HAFA, it can be greatly beneficial. HAFA allows the seller to receive $10,000 for moving expenses once the process is complete. However, not everyone qualifies for HAFA.
What Does it Take to Qualify for HAFA?
HAFA Short Sale program is only available for homeowners who are short selling an owner occupied property. In addition, the unpaid balance owed to the bank must be less than $729,750. Finally, if you have one or more lenders, all lenders must agree to participate in the program. The lender(s) have a right to turn down their participation in the program on any file.
Do I need to Contact HAFA Directly to Qualify?
No…this is a common misconception. HAFA does not work directly with homeowners or sellers. You will still need to have your property listed for sale. We handle your entire process from start to finish, and always submit for the HAFA short sale program if it appears that you are a good candidate.. Often times, local realtors who are inexperienced with process submit documents or files incorrectly to the lender. This can result in not qualifying for HAFA. We are experts at the process and the HAFA program.
If you are interested in finding out more about the HAFA Program, call or text Wayne Solomon at 954-668-5498