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• when the homeowner sells the property for less than the full amount due on the mortgage. When a homeowner qualifies for the HAFA Short Sale, the servicer approves the Short Sale terms prior to listing the home and then accepts the payoff in full satisfaction of the mortgage.

  Departments of the Treasury & Housing and Urban Development, Making Home Affordable Program - Cite This Source - This Definition
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  Cite Definition for HAFA Short Sale

  American Psychological Association (APA)

  HAFA Short Sale. (n.d.). Making Home Affordable Glossary. Retrieved February 4, 2023, from website: http://www.expertglossary.com/definition/hafa-short-sale.

  Chicago Manual of Style (CMS)

  HAFA Short Sale. www.makinghomeaffordable.gov. Making Home Affordable Glossary. Departments of the Treasury & Housing and Urban Development, Making Home Affordable Program. http://www.expertglossary.com/definition/hafa-short-sale (accessed: February 4, 2023).

  Modern Language Association (MLA)

  "HAFA Short Sale." Making Home Affordable Glossary. Departments of the Treasury & Housing and Urban Development, Making Home Affordable Program. 4 February. 2023 http://www.expertglossary.com/definition/hafa-short-sale.

• Browse Related Terms: Closing, Deed-in-Lieu of Foreclosure, fee, Foreclosure Prevention, HAFA Short Sale, Pre-foreclosure, Servicing transfer, Short Sale