HAFA Process Questions

Hi,

I have been submitting HAFA short sales just like traditional short sales, but I just read here in this forum, that you can submit an application and have it pre-approved. Am I mis-understanding something? Does anyone have a specific transaction that was put in as a HAFA that you would be kind enough to explain how it was processed? I would especially like to hear any regarding good ole BOA and Chase......I seem to find those banks to deal with.

Thank you for your help!

Suzanne

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Permalink Reply by joe beauchamp on June 2, 2011 at 2:42pm

I heard of some "experiment" stuff last fall - I think just rumor. Maybe you are referring to the HAFA w/o offer program? HAFA comes back with a listing price and you go get a buyer. That seems pretty close to your definition. Just a thought.

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