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• a program that provides opportunities for homeowners who can no longer afford to stay in their home but want to avoid foreclosure to transition to more affordable housing through a short sale or deed-in-lieu of foreclosure.

  Departments of the Treasury & Housing and Urban Development, Making Home Affordable Program - Cite This Source - This Definition
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  Cite Definition for Home Affordable Foreclosure Alternatives Program (HAFA)

  American Psychological Association (APA)

  Home Affordable Foreclosure Alternatives Program (HAFA). (n.d.). Making Home Affordable Glossary. Retrieved February 3, 2023, from website: http://www.expertglossary.com/definition/home-affordable-foreclosure-alternatives-program-hafa.

  Chicago Manual of Style (CMS)

  Home Affordable Foreclosure Alternatives Program (HAFA). www.makinghomeaffordable.gov. Making Home Affordable Glossary. Departments of the Treasury & Housing and Urban Development, Making Home Affordable Program. http://www.expertglossary.com/definition/home-affordable-foreclosure-alternatives-program-hafa (accessed: February 3, 2023).

  Modern Language Association (MLA)

  "Home Affordable Foreclosure Alternatives Program (HAFA)." Making Home Affordable Glossary. Departments of the Treasury & Housing and Urban Development, Making Home Affordable Program. 3 February. 2023 http://www.expertglossary.com/definition/home-affordable-foreclosure-alternatives-program-hafa.

• Browse Related Terms: Deferred payments, Foreclosure, Home Affordable Foreclosure Alternatives Program (HAFA), Home Affordable Modification Program (HAMP), Home Affordable Refinance Program (HARP), Home Owners’ Loan Act, Loss Mitigation, Second Lien Modification Program (2MP), Trial Period or Trial Period Plan, Work Out