$3000 Relocation Assistance for you *if all the following are true: |
 | - The home is your principle residence.
- The first loan was originated before 1/1/2009.
- The first loan unpaid principal balance is less than $729,750.
- Your total monthly mortgage payment exceeds 31% of your gross income.
- The loan is delinquent or default is reasonably foreseeable.
- Your loan servicer signed the US Treasury Home Affordable Modification Program (HAMP) agreement (about 90% have).
- You initiated a HAMP loan modification but didn't get a permanent payment.
- No additional physical damage occurs to the home.
- The short sale successfully closes escrow.
- The buyer is not related to you (arm's length transaction).
- The buyer keeps the home for at least 90 days.
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If your loan is owned by Fannie Mae, learn about the Fannie Mae HAFA Program.
If your loan is owned by Freddie Mac, learn about the Freddie Mac HAFA Program.
If any one Home Affordable Foreclosure Alternatives (HAFA) requirement isn't met, the program will not pay any money. Details can be found in US Treasury Supplemental Directive 09-09 Revised March 26, 2010.