If you’re behind on your mortgage and can’t get your home loan refinanced, you may find yourself in a position where you need to sell your home as a distressed property.

But for many homeowners, there’s another option: HARP, a program which is run by the U.S. Federal Government.

What is HARP?

HARP stands for Home Affordable Refinance Program. HARP provides affordable loans to homeowners who can’t get refinanced through a traditional lender because their home value has declined.

According to the official program website, HARP was established in March of 2009 by the Federal Housing Finance Agency. It was designed to “help underwater and near-underwater homeowners refinance their mortgages.”

Since the program’s inception, over 900,000 Americans have benefitted from the Home Affordable Refinance Program.

To apply for HARP, you must provide a few documents including:

  • bank account balances and monthly loan payments;
  • your most recent tax return; and
  • info on junior lien mortgage (if applicable).

Notably, HARP guidelines have changed in recent months, so individuals who were previously declined may now be eligible to receive assistance.

Learn more by visiting HARPProgram.org.


If you choose to pursue a short sale or sell your home to a cash investor, you may wish to contact Kristine Zelazo, better known as The Short Sale Gal. 

Based in Florida, Kristine works with both buyers and sellers and she is an experienced negotiator. So if you’re an investor seeking to get started in buying short sales and need a great mentor or wish to pursue a short sale transaction for the sale of your property, turn to Kristine Zelazo, the Short Sale Gal!

To get started with selling your home, simply complete the home pre-sale form to provide Kristine with additional information on the property in question. Then, call 786.570.0360.

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