Freddie Mac short sale incentives gone - Short Sale Superstars2024-03-28T14:50:08Zhttp://shortsalesuperstars.com/forum/topics/freddie-mac-short-sale-incentives-gone?feed=yes&xn_auth=noYou're dealing with two diffe…tag:shortsalesuperstars.com,2013-05-21:3468065:Comment:3150492013-05-21T23:18:06.231ZElizabethWeintraub00697006LyonREhttp://shortsalesuperstars.com/profile/ElizabethWeintraub
<p>You're dealing with two different issues it seems. Are you doing a Bank of America Cooperative Short Sale or are you doing a HAFA? Because Freddie Mac no longer does HAFA, but it does pay a relo incentive. However, you might get more out of the Cooperative Short Sale side or perhaps even an HIN incentive, especially if the lender was originally Countrywide. But you can't have an offer. You would need to get the Cooperative incentive upfront arranged, and then submit the offer.</p>
<p>You're dealing with two different issues it seems. Are you doing a Bank of America Cooperative Short Sale or are you doing a HAFA? Because Freddie Mac no longer does HAFA, but it does pay a relo incentive. However, you might get more out of the Cooperative Short Sale side or perhaps even an HIN incentive, especially if the lender was originally Countrywide. But you can't have an offer. You would need to get the Cooperative incentive upfront arranged, and then submit the offer.</p> I have a Fannie deal right no…tag:shortsalesuperstars.com,2013-05-21:3468065:Comment:3149602013-05-21T19:35:59.612ZPat Glennhttp://shortsalesuperstars.com/profile/PatGlenn
<p>I have a Fannie deal right now and Nationstar keeps trying to tell me that HAFA has expired. When I tell them about HAFA II (Standard Short Sale).. They just ignore my messages.. </p>
<p>I have a Fannie deal right now and Nationstar keeps trying to tell me that HAFA has expired. When I tell them about HAFA II (Standard Short Sale).. They just ignore my messages.. </p> • If the Borrower receives re…tag:shortsalesuperstars.com,2013-05-21:3468065:Comment:3150172013-05-21T17:47:05.341ZKevin - Greenville, SChttp://shortsalesuperstars.com/profile/KevinMWillson
<p>• If the Borrower receives relocation assistance from a <br></br>source other than Freddie Mac or the Servicer, Freddie <br></br>Mac will provide the difference in the relocation <br></br>assistance amount up to the $3,000 incentive maximum. <br></br>• If the Borrower will receive relocation assistance from a <br></br>source other than Freddie Mac or the Servicer and the <br></br>amount is equal to or greater than $3,000, Freddie Mac <br></br>will not provide any relocation incentive to the extent <br></br>that the…</p>
<p>• If the Borrower receives relocation assistance from a <br/>source other than Freddie Mac or the Servicer, Freddie <br/>Mac will provide the difference in the relocation <br/>assistance amount up to the $3,000 incentive maximum. <br/>• If the Borrower will receive relocation assistance from a <br/>source other than Freddie Mac or the Servicer and the <br/>amount is equal to or greater than $3,000, Freddie Mac <br/>will not provide any relocation incentive to the extent <br/>that the Servicer is aware of such payment.</p>
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<p><a href="http://realtorsfr.org/wp-content/uploads/2012/12/Standard-Short-Sale-Highlights.pdf" target="_blank">http://realtorsfr.org/wp-content/uploads/2012/12/Standard-Short-Sale-Highlights.pdf</a></p> If the borrower is eligible f…tag:shortsalesuperstars.com,2013-05-21:3468065:Comment:3150862013-05-21T17:45:07.779ZKevin - Greenville, SChttp://shortsalesuperstars.com/profile/KevinMWillson
<p><strong>If the borrower is eligible for relocation assistance but does not request it, am I still required to offer it?</strong></p>
<div class="FAQanswer"><p>Yes, this assistance is provided by Freddie Mac and is intended to help with relocation expenses of all borrowers who meet the eligibility requirements for relocation assistance, regardless of whether or not the borrower requests it.…</p>
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<p><strong>If the borrower is eligible for relocation assistance but does not request it, am I still required to offer it?</strong></p>
<div class="FAQanswer"><p>Yes, this assistance is provided by Freddie Mac and is intended to help with relocation expenses of all borrowers who meet the eligibility requirements for relocation assistance, regardless of whether or not the borrower requests it.</p>
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<p><a href="http://www.freddiemac.com/singlefamily/service/short_sales_FAQ.html#23" target="_blank">http://www.freddiemac.com/singlefamily/service/short_sales_FAQ.html#23</a></p>
</div> Good to know...thanks.tag:shortsalesuperstars.com,2013-05-21:3468065:Comment:3148692013-05-21T17:41:21.724ZChristina Waymreenhttp://shortsalesuperstars.com/profile/ChristinaWaymreen
<p>Good to know...thanks.</p>
<p>Good to know...thanks.</p>