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You are here: Home / Archives for Deed in Lieu of Foreclosure

Home Affordable Foreclosure Alternatives Program (HAFA)

Home Affordable Foreclosure Alternatives Program (HAFA) HAFA® provides homeowners the opportunity to exit their homes and be relieved of their remaining mortgage debt through a short sale or a deed-in-lieu of foreclosure (DIL). It also provides homeowners with $10,000 in relocation assistance. Application Deadline: December 31, 2016 FEATURES AND BENEFITS Through HAFA, you can get help with your primary residence or rental property. If a HAFA short sale doesn’t work, you may be able to give the title back to your mortgage company in a HAFA deed-in-lieu of foreclosure (DIL). Once you complete a HAFA short sale or DIL, there is a waiver of deficiency, meaning you are released from any remaining mortgage debt. HAFA offers $10,000 in relocation assistance for you or your tenant. In some cases, HAFA has a less negative effect on your credit score than a foreclosure, which allows for a faster financial recovery. ELIGIBILITY You may be eligible for HAFA if you meet … [Read more...]

Filed Under: Foreclosures, HAFA Short Sales, Sellers Information Tagged With: Deed in Lieu of Foreclosure, Foreclosure Information, Home Affordable Foreclosure Alternatives, Homeowners Assistance

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Adolphus Hawkes Realtors, LLC
8101 Sandy Spring Rd., Ste.#250-P
Laurel, MD 20707

O: (301) 483-8073
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