Hello everyone Matt Fetick here with Sold By Short Sale, Philadelphia’s leading short sale specialist, I want to thank you so very much for stopping by my blog today. My team and I specialize in short sales in the Philadelphia area and I update my blog frequently to provide information to homeowners in the community getting educated on avoiding foreclosure. If my blog is helpful today please take a few minutes to browse my website for even more information or contact me directly to discuss your options.

For my blog today I thought we should discuss the HAFA short sale program that was developed by the government and what it could mean for you. HAFA stands for Home Affordable Foreclosure Alternative and was signed in to law with the stimulus package way back in 2007. Thankfully for a homeowner looking to complete a short sale there are two large benefits to qualifying for the HAFA program. The first benefit is that once your home sells and your short sale is approved your lender will give you a minimum of three thousand dollars to help with relocation costs. That’s right, just by qualifying for a HAFA short sale you are entitled to receive money back on your distressed property instead of losing even more. The second great benefit is that whatever contribution is made by the homeowner at closing will be accepted as payment in full. This is very valuable because it will protect the homeowner from being sued in the future for any debt that was forgiven during the short sale process.

HAFA is a great program to consider with some immense benefits for homeowners who may be struggling to pay their mortgage. If you have any questions about the HAFA short sale program, or even just your mortgage, please visit my website or give me a call to arrange a free consultation. Thank you for checking out my blog today and I hope to hear from you soon at Philadelphia’s leading short sale specialist.