$3000 Relocation Assistance for you *if all the following are true: |
 | - You live in the home -OR- you lived in the home at some point during the past 12 months and you haven't purchased another principle residence.
- The first loan was originated before 1/1/2009.
- The first loan unpaid principal balance is less than $729,750.
- 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 at least considered saving the house with a HAMP loan modification.
- You pay your lender 31% of your gross income each month.
- 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 of the above Home Affordable Foreclosure Alternatives (HAFA) requirements isn't met, the program will not pay any money. Details can be found in US Treasury Supplemental Directive 09-09 (Revised) issued March 26, 2010 and Supplemental Directive 10-18 issued December 28, 2010.