For homeowners who owe more on their home than the property is worth and don’t know what to do, it can feel like there are no options. Luckily, today there are government programs like the Home Affordable Foreclosure Alternatives (HAFA) program.
In the HAFA program, the government works with homeowners to help them avoid foreclosure. Even better, they provide cash to help homeowners relocate. Making Home Affordable (MHA) provides struggling homeowners with assistance to help them either keep their home, or if remaining in the home simply isn’t possible, to provide alternatives to foreclosure.
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Additional Reading on HAFA
Extension to the HAFA Program Signals Another Year of Help Available For Homeowners in San Diego County – The Department of Treasury recently approved, in supplemental directive 12-07, that the Home Affordable Foreclosure Alternatives program has been extended for another year through the end of 2013
What is HAFA? – The government has created the Home Affordable Foreclosure Alternatives program to help homeowners who can’t afford their mortgages.