Attn: Liberty Station, CA Homeowners Short Sale Your Home As A HAFA Short Sale & Get $3,000 Cash Relocation Assistance!

Real Estate Agent with Pacific Sotheby's International Realty BRÈ#01891044

Home Affordable Foreclosure Alternatives (HAFA) $3,000 Cash Relocation

Assistance Program For San Diego, CA Homeowners.

 Exit Gracefully

If homeownership is no longer affordable or the weight of homeownership has become too much to bear, MHA has a program that allows you to exit gracefully from the property with $3,000 in relocation assistance. The HAFA short sale program is designed to help underwater sellers either modify their loans or sell their homes as a short sale to avoid foreclosure. Through Home Affordable Foreclosure Alternatives (HAFA), you won't owe any more for the property after selling, and you will be free from the threat of foreclosure. The benefit of a HAFA short sale is that you are no longer responsible for the difference between what you owe on your mortgage and the amount that your home sells for.  That's right if you qualify you walk away free and clear!


You may be eligible to apply if you meet all of the following:

  • You live in the home or have lived there in 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
  • $934,200 for 2 units
  • $1,129,250 for 3 units
  • $1,403,400 for 4 units
  • You obtained your mortgage on or before January 1, 2009.
  • You are experiencing a hardship (such as a job loss, divorce or medical emergency) and are unable to afford your current home loan

  • You owe more than your home is worth. (Contact The Watson Realty Today to Find What Your Home Is Worth)

  • You must not have been convicted within the last 10 years of felony larceny, theft, fraud or 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

HAFA is available for mortgages that are owned or guaranteed by Fannie Mae and Freddie Mac or serviced by over 100 HAMP participating servicers. A list of HAMP participating servicers can be found here .

 How Will HAFA Program Affect My Credit?

Although a short sale will have a negative effect on your credit, by completing this transaction, you may qualify for future credit sooner than if you allow your home to go through the foreclosure process.

While your lender works with you to complete a short sale, they will continue to report the status of your account to the major credit reporting agencies. If a short sale is completed on your property, your lender will report that your loan was "paid in full for less than the full balance."

You should only consider a short sale after you've explored all other options, including modifying your loan. Please visit our page for a complete list of options you may want to consider.

You should contact a tax professional to gain an understanding of any tax implications.

For More Information

If you have additional questions about getting mortgage help contact The Watson Group Realty at (858)272-6000 or 281-797-3841. We will help you understand your options, design a plan to suit your individual situation, and prepare your application. Research shows that homeowners who work with experienced HAFA Short Sale Specialist like us are more successful and have better long-term outcomes. There is no cost to you for this valuable, around-the-clock service. Help is available contact us today!!!

Program Dates

Effective April 5, 2010 - Dec. 31, 2012


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Arleen Montford
Selling NW Florida Homes in Pace/Milton/Pensacola FL

Hi Rod, I love this program. It along with the Hap program is it  making it easy for us to help people,

Apr 10, 2011 02:28 PM #1
Rod Watson
Pacific Sotheby's International Realty - San Diego, CA
Luxury Home Specialist

Yes they have we are glad to see some of the programs are starting to pay off!

Apr 10, 2011 02:39 PM #2
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Rod Watson

Luxury Home Specialist
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