How does a homeowner qualify for the $3,000 Borrower Relocation Assistance?
This has been inaccurately described as “Cash for Keys.” If a homeowner completes a short sale or deed-in-lieu of foreclosure within the guidelines of HAFA, only then do they qualify for $3,000 in assistance to help them with relocation expenses.18 Only one payment per household is given, i.e., even if there are multiple family members short selling their joint residence, they must share the $3,000 between them.
