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CHASE Home Affordable Foreclosure Alternatives Program (HAFA)

CHASE Home Affordable Foreclosure

The expansion of the government's Home Affordable program introduces new benefits for those homeowners who are no longer able to retain their home but would still like to avoid foreclosure. To qualify under Home Affordable Foreclosure Alternatives (HAFA), you must meet the eligibility criteria for the Home Affordable Modification Program (HAMP).

Why should I consider a CHASE HAFA short sale?
If you owe more on your mortgage than your home is worth and are unable to keep up with your mortgage payments, a HAFA-eligible short sale will:
Help you avoid foreclosure Allow you to be "fully released" from any further liability on your mortgage Provide financial assistance of $3,000 to help with relocation expenses Am I eligible?
Homeowners who meet the eligibility requirements for the CHASE Home Affordable Modification program are eligible under the Home Affordable Foreclosure Alternative program, even if you have been unable to complete the Home Affordable modification process. Following are some general eligibility criteria:
You are facing hardship which prevents you from being able to maintain the monthly mortgage payments. Your mortgage is on your primary residence Your mortgage is a first lien mortgage originated on or before January ... more

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