The Federal Government's Home Affordable Foreclosure Alternatives (HAFA) Program went into effect on April 5, 2010 and is designed to provide incentives for borrowers to do a short sale (or a deed in lieu) in order to avoid foreclosure. HAFA assists eligible homeowners in quickly implementing short sales by providing financial incentives to participating lenders.
Washington Property Solutions Can Help Guide You Through The HAFA Process
Download a copy of NAR's Frequently Asked Questions - HAFA (PDF) or call us at 1-866-732-9725 for more information.