Overview: HAFA is a federal government plan that stands for Home Affordable Foreclosure Alternatives. Even though it not might be much helpful, there are still some good points about the HAFA plan from a theoretical approach. The stimulation behind this Government program was a good one. However, it did not work well as you can see the information around. Since the HAFA plan just launched out in April, still now there have been very small short sale packages accomplished through the HAFA program. There are chances most likely more than a million small sales that have been done in that time, but reached at small portion through the HAFA plan which is far behind the ratio that Government was hoping to be.