Keeping families in their homes is a top priority for REALTORS®. Unfortunately, it is not always possible to meet this goal. While there are loan modifi cation and other programs that can help families, not everyone will qualify. For many families who are at risk of losing their home through foreclosure, a new program from the Treasury Department may be able to help you. In February 2009, the Obama Administration introduced the Making Home Affordable Program — a plan to stabilize the housing market and help struggling homeowners stay in their homes. One of the possible ways to help families stay in their homes is to modify mortgages to make them more affordable through a program called the Home Affordable Modification Program or HAMP. While many families have received help through HAMP, far too many won’t be able to keep their home even with a loan modifi cation. For these families, the Treasury Department has established a new short sales program called the Home Affordable Foreclosure Alternatives Program or HAFA. HAFA is designed to streamline short sales by providing a uniform process and standard forms, as well as incentives for families and their mortgage servicers to complete the process. It offers homeowners who sell their homes under HAFA $3,000 to help cover their moving costs. HAFA may be able to help you through the difficult process of selling your home and moving to another home.

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