Is Foreclosure the Only Option?

The Home Affordable Foreclosure Alternatives (HAFA) Program is a program that provides additional options to avoid costly foreclosures and offers incentives to borrowers, servicers and investors who utilize a short sale or deed-in-lieu (DIL) to avoid foreclosures.

HAFA simplifies and streamlines the short sale and DIL process by providing a standard process flow, minimum performance timeframes and standard documentation.

You can find FAQ’s about HAFA here.