How to Apply for HAFA

Homeowners interested in utilizing foreclosure alternatives under HAFA are instructed to contact their lender if they meet the eligibility requirements and inform them of their desire to participate. Homeowners unsure of whether or not they meet eligibility requirements should contact a CDPE near them.1

After April 5, 2010 — when HAFA activates — participating lenders should preemptively contact their eligible borrowers within 30 days, either after they meet eligibility requirements or after April 5, 2010. Eligible homeowners will be sent, either preemptively or by request, a Short Sale Agreement that will outline the terms and conditions of a short sale specific to the homeowner.

Homeowners and real estate professionals are encouraged to examine the following documents (updated March 26, 2010) important to the short sale process:

Short Sale Agreement (Exhibit A)2
Request for Approval of Short Sale (Exhibit A1)3
Alternative Request for Approval of Short Sale (Exhibit B)4

Homeowners and real estate professionals interested in seeking solutions through a deed-in-lieu of foreclosure should examine the following HAFA form (updated March 26, 2010):

Deed-in-Lieu of Foreclosure Agreement (Exhibit C)5
1. Making Home Affordable. Supplemental Directive 09-09 Revised “HAFA Consideration” p. 3 (2010): https://www.hmpadmin.com/portal/docs/hafa/sd0909r.pdf
  - Updated: March 26, 2010
2. Making Home Affordable. Short Sale Agreement (Exhibit A) (2010): https://www.hmpadmin.com/portal/docs/hafa/hafaletters_ssagreement.doc
  - Updated: March 26, 2010
3. Making Home Affordable. Request for Approval of Short Sale (Exhibit A1) (2010):http://www.hmpadmin.co/portal/docs/hafa/hafaletters_ssapprovalreq.doc
  - Updated: March 26, 2010
4. Making Home Affordable. Alternative Request for Approval of Short Sale (Exhibit B) (2010): https://www.hmpadmin.com/portal/docs/hafa/hafaletters_ssaltapproval.doc
  - Updated: March 26, 2010
5. Making Home Affordable. Deed-in-Lieu of Foreclosure Agreement (Exhibit C) (2010): https://www.hmpadmin.com/portal/docs/hafa/hafaletters_dilagreement.doc
  - Updated: March 26, 2010

These are documents for lenders to send to borrowers. The above documents will give you an idea of the application process and requirements of the program.

Not a CDPE? Find out more about earning the designation, becoming a member, and serving troubled homeowners in your community.

If you’re a homeowner looking for answers, or would like to determine if you qualify for HAFA, find a CDPE near you.

Last updated: 2 April 2010

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