RMA OR 710?

How do you know which form to use, RMA or 710?  I try to be proactive and get the sellers to fill out the forms prior to getting an offer and it never fails, if I have them fill out RMA, lender will ask for 710 and vice versa. 

Views: 230

▶ Reply to This

Replies to This Discussion

Permalink Reply by Short Sale Superstars LLC on February 18, 2015 at 4:55am

Depends on who the investor is on the note and how the borrower purchased their property (FHA,VA,CONVENTIONAL). FNMA and FHLMC have their version of the UBAF/710 form.

[email protected]

310-564-6389

www.ishortsalenow.com

Permalink Reply by Geri L. Lewis on February 18, 2015 at 6:14am

 I can figure out by looking at the recorded mortgage whether FHA, VA or Conv, but won't know ahead of time who investor is on the note.  I have the June,2014 version of the Fannie and Freddie 710 form.  So I guess I will just have to wait until the short sale lender asks for RMA or 710.  Thanks for your help Brett.

Permalink Reply by Short Sale Superstars LLC on February 18, 2015 at 6:27am

RMA acts also as aHAFA application. I would suggest having it completed on all non FHA, VA, and USDA files.

RSS

Members

© 2024   Created by Short Sale Superstars LLC.   Powered by

Badges  |  Report an Issue  |  Terms of Service

********************************** like buttons ************************