Housing Angels - Short Sale Specialists Action for Autism

602-745-1111
702-570-1211

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Serving PHOENIX, AZ and LAS VEGAS, NV and the surrounding areas

HAFA at a Glance

Download this HAFA Form.

HAFA Fannie Mae Freddie Mac
Program Dates April 5, 2010 – December 31, 2012 August 1, 2010 – December 31, 2012 August 1, 2010 – December 31, 2012
Borrower Forms
Short Sale Approval
SSA Form 184 Form 1135
Borrower Forms
Request for Approval of Short Sale
RASS Form 184a Form 1136
Borrower Forms Alternate
Alternate Request for Approval of Short Sale
RASS Form 185 *NOTE: Borrowers must have first been considered for a HAMP modification and then for other Freddie Mac home retention options under Guide Chapter B65
Borrower Relocation Assistance $3,000 $3,000 $3,000
Servicer Incentive
Due after reporting period
$1,500 SS: $2,000
DIL: $1,500
SS: $2,000
DIL: $1,500
Investor Incentive Aggregate $6,000 cap $6,000 cap $6,000 cap
Eligibility Requirements
1
Principal residence (90 day rule—justifable employer relocation) Relocated or transferred more 100 miles and has not purchased another unit than within 90 days. Principal (90 day rule— justifable employer relocation)
2 First lien non-GSE mortgage First lien mortgage owned by Fannie Mae First lien mortgage owned by Freddie Mac
3 Originated prior to January 1, 2009 Originated prior to January 1, 2009 Originated prior to January 1, 2009
4 Is delinquent or default is foreseeable Is delinquent or default is foreseeable Borrower must be 60 days delinquent
5 Current unpaid principle balance is equal or less than $729,750 Current unpaid principle balance is equal or less than $729,750 Current unpaid principle balance is equal or less than $729,750
6 Total monthly mortgage payment exceeds 31% of gross income Total monthly mortgage payment exceeds 31% of gross income Cash reserves must be less than the greater of either $5,000 or 3 times their current monthly mortgage payment
 
Bought
Back
Owed $350,000 Investor paid $170,000 Payment went from $3,200 to $1,850
Bought
Back
Owed $420,000 Investor paid $175,000 Payment went from $$2,700 to $1,850
Saved Owed $188,000 Investor Paid $67,900 Payment went from $1,400 to $747
Saved Owed $2,000,000 Investor paid $685,000 Payment went from $12,000 to $5,000.
Saved Great golf course community
Saved Owed $200,000 Investor paid $85,000 Payment went from $2,000 to $935
Saved Owed $265,000 Investor paid $75,000 Payments went from $$2,135 to $945