Can a seller be approved for a second HAFA short sale? - Short Sale Superstars2024-03-28T15:08:03Zhttp://shortsalesuperstars.com/forum/topics/can-a-seller-be-approved-for-a-second-hafa-short-sale?xg_source=activity&feed=yes&xn_auth=noHere is a good link for the g…tag:shortsalesuperstars.com,2011-09-26:3468065:Comment:1758692011-09-26T13:56:31.856ZMike Ashcrafthttp://shortsalesuperstars.com/profile/MikeAshcraft
<p>Here is a good link for the guidelines: </p>
<p><a href="https://www.hmpadmin.com/portal/programs/docs/hamp_servicer/mhahandbook_33.pdf">https://www.hmpadmin.com/portal/programs/docs/hamp_servicer/mhahandbook_33.pdf</a></p>
<p>HAFA info starts on page 118. It doesn't say anything about not being able to do another one, though if there IS some rule about it, it would be a shame to spend the months and months it can take to do a HAFA and have them tell you in the end "oh sorry this doesn't…</p>
<p>Here is a good link for the guidelines: </p>
<p><a href="https://www.hmpadmin.com/portal/programs/docs/hamp_servicer/mhahandbook_33.pdf">https://www.hmpadmin.com/portal/programs/docs/hamp_servicer/mhahandbook_33.pdf</a></p>
<p>HAFA info starts on page 118. It doesn't say anything about not being able to do another one, though if there IS some rule about it, it would be a shame to spend the months and months it can take to do a HAFA and have them tell you in the end "oh sorry this doesn't qualify because they just did one". Banks are infamous for giving bad information so I would be cautious in taking what they say as doctrine.</p>
<p>One thing to think about and prepare your client for is the tax consequences they will be dealing with. If they just did a short sale on a principle residence they were probably eligible to have the loss considered non taxable, but unless they live in the current house for at least 2 years they are going to be liable for the short fall income. (This is just info I have received from my accountant, I am not giving tax advise, I am not qualified for that) I would encourage your client to discuss this with a competent tax professional so they know what tax consequences they will be facing. Good luck w/ it!</p> First question. How long has…tag:shortsalesuperstars.com,2011-09-25:3468065:Comment:1758512011-09-25T23:16:18.922Zthomasina singletonhttp://shortsalesuperstars.com/profile/thomasinasingleton
First question. How long has it been since they sold under the HAFA program?
First question. How long has it been since they sold under the HAFA program? Very interesting situation. …tag:shortsalesuperstars.com,2011-09-22:3468065:Comment:1750782011-09-22T22:53:15.286ZShane Persingerhttp://shortsalesuperstars.com/profile/ShanePersinger
Very interesting situation. I would have to say that would be a learning experience for me as well.
Very interesting situation. I would have to say that would be a learning experience for me as well. Some people won't take no for…tag:shortsalesuperstars.com,2011-09-18:3468065:Comment:1721872011-09-18T14:59:49.925ZEdward Aretzhttp://shortsalesuperstars.com/profile/EdwardAretz170
Some people won't take no for an answer; some people won't take yes. Take the yes.
Some people won't take no for an answer; some people won't take yes. Take the yes. Hey if they say he is eligibl…tag:shortsalesuperstars.com,2011-09-18:3468065:Comment:1715392011-09-18T00:07:14.308ZBecky Martinhttp://shortsalesuperstars.com/profile/BeckyMartin
Hey if they say he is eligible who are you to argue? Go with it:) All they can do is turn the application down....
Hey if they say he is eligible who are you to argue? Go with it:) All they can do is turn the application down....