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Simi Valley Certified HAFA Specialist

Simi Valley Certified HAFA Specialist

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Understanding HAFA: The Home Affordable Foreclosure Alternatives program
The Home Affordable Foreclosure Alternative Program, HAFA, was created as the next option for borrowers who did not qualify for a HAMP modification or preferred to go directly to a foreclosure alternative such as a short sale or deed-in-lieu of foreclosure. In a Short Sale,the borrower chooses to list their home for sale even though the proceeds realized from the sale would not pay off their mortgage(s. In a  Deed-in- lieu, the borrower chooses to return the property back to the servicer rather than going trough a
short sale or foreclosure.  The servicer may require that the property is listed for sale on the open market for a minimum of 120 days prior to agreeing to this option.

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 Exit Gracefully

If the cost of homeownership has become too much to bear, the MHA  Home Affordable Foreclosure Alternatives Program (HAFA)  allows you to transition out of your home and avoid foreclosure with $3,000 in relocation assistance and peace of mind.


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You may be eligible for HAFA if you meet all of the following criteria:

  • You live in the home or have lived there within the last 12 months.
  • You have a documented financial hardship.
  • You have not purchased a new house within the last 12 months.
  • Your first mortgage is less than $729,750.
  • You obtained your mortgage on or before January 1, 2009.
  • You must not have been convicted within the last 10 years of felony larceny, theft, fraud, forgery, money laundering or tax evasion in connection with a mortgage or real estate transaction.

*Eligibility criteria are for guidance only. Contact your mortgage servicer to see if you qualify for HAFA.

Program Availability

HAFASM is available for mortgages that are owned or guaranteed by Fannie Mae and Freddie Mac  or serviced by over 100 HAMP participating mortgage servicers.

Steps to Apply For HAFA

The sooner you seek help, the more options you'll have. If this is the first time you've worked with your mortgage company, they will want to ensure that you have been considered for other options to keep your home before they move forward with HAFA. When it's time for HAFA, be prepared to provide the following:

  •   Signed Hardship Affidavit or Request For Mortgage Assistance ( RMA.)

If you've already received an offer, be prepared to submit these additional forms:

  • Alternative Request for Approval of Short Sale (Alternative RASS)
  • Executed sales contract
  •  Call Barry and Debra Kessler. Barry & Debra  understand the Short Sale Process. Whether you qualify for a HAFA Short Sale, or are in need of  a regular Short Sale, we are prepared to help you through the process.
  •      Barry 818-426-6415                             Debra 805-426-0624









Understanding HAFA, The Home Affordable Foreclosure Alternatives Program.


Contact Information

Photo of Barry and Debra Kessler Real Estate
Barry and Debra Kessler
CENTURY 21 Troop Real Estate
3200 East Los Angeles Avenue
Simi Valley CA 93065
Direct: 818-426-6415