Superstars,
This group has been a big help in the past as I continue through the short sale process (the education is priceless)..
I just received a FedEx this afternoon from Chase. It contained information about the HAFA program and asked that I complete all the forms and return all the requested information within 14 days..
I faxed this letter off to my Realtor and attorney.
My question to the group is:
1). Would I qualify for HAFA with an investment property?? My primary home is in Illinois while this home is in Florida.
2). Is this a good sign? I tried to sell the house short last year with no luck. I switched Realtors and re-listed in March and so far have had no luck (just reduced the price). My mistake last time was that the Realtor had never sold a short before. The person I am with now has sold many in the past...
I am on goggle now looking up the HAFA program..
Thanks...
Tags:
I second that partner. Your Realtor may have went over your financials with Chase and not mentioned it was investment property. They automatically send out the RMA form for you to fill out however I agree. You need to cancel it and remove the HAFA code.
Also you need to have your agent evaluate where you may be missing the mark regarding not being able to sell it. Consider if your priced properly? What kind of marketing is being done? Have you identified the specific type of buyer that would fit your property? Are you marketing that niche?
Consider all of these questions and ask more so that you can get a market value offer and proceed to successfully negotiating your short sale.
Good luck!
Thanks Marcy and Eric...
Should the Realtor be the one to contact Chase or me? I call Chase often to check on the status of my file. Should this be something the Realtor does as well? The Realtor and attorney both have authorization. My plan was to call tomorrow and remind them that I am not an owner occupied property... Thanks..
Dan, your welcome. As for who the point of contact should be I believe it should be your Realtor and/or the negotiation company who's processing and negotiating on your behalf. That's what you have entrusted them to do for you so as professionals they welcome the challenge and role.
However, I would not be opposed to you calling in and checking on the status of your short sale. I actually encourage my homeowners, Realtor/Agent clients to do this. It satisfies our own desire to know whats going on and who's REALLY doing what. I believe it keeps the agent/negotiator honest. I believe it's your home and you should take an active role of wanting to know whats going on.
Every time your agent calls the bank on your behalf the rep will take notations on the call. These notations will be documented on your file. When you call in you can ask what's the latest update on your file and ask what the past notations say. This helps you know who's if your agent is working hard to professionally process your short sale.
Good luck!
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