If you have heard the rumors, they’re true. It is possible to do a short sale on your home and walk away with $3,000 and no deficiency judgments against you. It’s called the HAFA program, which is sponsored by the government. You have to meet certain guidelines. If you meet those guidelines, there are some great things about the HAFA program. First, the timelines are set in the HAFA program and banks must comply with them. Second, if you are eligible, you can get up to $3,000 in relocation assistance.

Now you are probably wondering what the catch is, but there really isn’t a catch. The reasons they do this program is because banks don’t want to own real estate. The government put this program together in order to expedite the short sale process. By expediting the Philadelphia short sale process, we help protect home values in neighborhoods and help homeowners get out of homes that they can not afford.

If you would like more information on whether or not you qualify for the HAFA program, please contact us today. We would be happy to send that information to you.