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INSTRUCTIONS HAIFA Requests for Approval of Short Sale without Short Sale Agreement Must be used when a borrower submits an executed sales contract before the service and borrower have entered into

How to fill out hafa request for approval

How to fill out a HAFA request for approval:

1. Start by obtaining a HAFA request for approval form from your mortgage servicer or lender. This form is typically available on their website or can be requested by contacting them directly.
2. Carefully read through the instructions provided with the HAFA request for approval form. Make sure you understand the eligibility criteria and any documents or information that may be required for submission.
3. Begin filling out the form by providing your personal information, such as your name, contact details, and loan information. This may include your loan number, the property address, and the name of your mortgage servicer.
4. Next, you'll need to provide details about your financial situation. This may include your income, expenses, assets, and liabilities. Be prepared to provide supporting documentation, such as pay stubs, bank statements, or tax returns, to verify your financial information.
5. If you have a real estate agent assisting you with the HAFA request, you'll need to include their information on the form as well. This includes their name, contact details, and any necessary paperwork or authorization.
6. There may be a section on the form where you'll need to explain why you are requesting HAFA approval. This could be due to a financial hardship, such as unemployment, medical expenses, or divorce. Be honest and thorough in your explanation to increase your chances of approval.
7. Review the completed HAFA request for approval form carefully. Make sure all the information provided is accurate and complete. Double-check any supporting documents to ensure they are legible and up-to-date.
8. Once you are satisfied with the form, sign and date it in the designated areas. If you have a joint mortgage, both borrowers will likely need to sign the form.
9. Make copies of the completed HAFA request for approval form and all the supporting documentation for your records. It's always a good idea to keep a copy for yourself before submitting the original.

Who needs a HAFA request for approval?

1. Homeowners who are struggling to make their mortgage payments and are interested in pursuing a short sale or deed-in-lieu of foreclosure as an alternative to foreclosure.
2. Borrowers who have a mortgage loan that is owned or guaranteed by Fannie Mae or Freddie Mac.
3. Individuals who meet the eligibility criteria outlined by their mortgage servicer or lender. This may include being in imminent default, having a loan originated before a specified date, and meeting certain financial hardship requirements.

Remember, the specific requirements for a HAFA request for approval may vary depending on your mortgage servicer or lender. It's essential to carefully review their guidelines and consult with them directly for any clarification or additional information needed.

For pdfFiller’s FAQs

What is hafa request for approval?

HAFA request for approval is a document submitted to seek approval for a Home Affordable Foreclosure Alternatives (HAFA) short sale or deed-in-lieu of foreclosure.

Who is required to file hafa request for approval?

Homeowners who are eligible for the HAFA program and wish to pursue a short sale or deed-in-lieu of foreclosure are required to file a HAFA request for approval.

How to fill out hafa request for approval?

To fill out a HAFA request for approval, homeowners must provide information about their financial situation, the property in question, and their reasons for seeking a short sale or deed-in-lieu of foreclosure.

What is the purpose of hafa request for approval?

The purpose of a HAFA request for approval is to obtain lender approval for a short sale or deed-in-lieu of foreclosure under the HAFA program.

What information must be reported on hafa request for approval?

Information such as financial documents, hardship letter, listing agreement, and purchase contract must be reported on a HAFA request for approval.

How do I execute hafa request for approval online?

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