Replies to This Discussion

Permalink Reply by Steve Trang on January 31, 2011 at 6:31pm

I believe that HAFA is the  best way to postpone the foreclosure date. Bank of America is the one that told you HAFA was denied because of foreclosure date?

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Permalink Reply by Bonnie Samson on January 31, 2011 at 6:37pm

Hi Steve,

Yes, Bank of America customer care.  I want my seller to get the $3000 relocation assistance.  He has met all the eligible criteria.  Now declined because his house has an Auction date. 

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Permalink Reply by Smitty on February 1, 2011 at 5:31am

I was told last week that if an auction date is set, they cannot participate in a HAFA short sale as the time to respond to the Short Sale Application had elapsed. 

 

I went forward with a traditional short sale and got the auction postponed.

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Permalink Reply by Steve Early on February 1, 2011 at 5:53am

There is no guarantee the sellers will get the $3,000 even if you believe they qualify for HAFA. If there is an auction date and they were denied participation in HAFA, start a conventional short sale right away. They still may not postpone the auction but that is your best option at this time.

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Permalink Reply by Laura Rencher on February 1, 2011 at 6:21am

I believe the federal guidelines say they can't put the house in foreclosure while being considered for HAFA. We have a BOA/Freddie mac loan. They tried to foreclose on us while they were reviewing our package and we got it stopped...talked to HUD and diligantly kept  calling BOA for two straight weeks bothering anyone I could escalate too.  Look up the guidelines then go back at them with that.  it worked for us.

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Permalink Reply by Bonnie Samson on February 7, 2011 at 11:54am

The file is currently in a traditional short sale.

Thanks everyones for your response.

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