Brett, Seller is 86 yrs old, must relo to assisted living. Workout option is Short sale only.Hoping she's eligible for HAFA to get relo asst. $$ , avoid any defiency purseut. She's financially sound w/ SS & pension, so i don't want RCS asking for P. Note at COE.
Will RESIDENTIAL CREDIT SOLUTIONS participate in a Fannie Mae/HAFA owned mortgage?
Fannie Mae doesn't participate in HAFA, but they participate in their own similar programs. Place 3,000 relocation to the seller on the Est. HUD for RCS's review. It's impossible to say if they will approve this or not, all you can do is request that it be reviewed.
If it's a FNMA loan, it's FNMA guidelines, not HAFA.