ok, I have a short sale that has been processed as HAFA - then at the final hour, negotiator from Chase (the servicer) says investor is not HAFA participant. A I reply with Wells is definitely a participant and negotiator says, not the Wells Fargo TRUST Division -- I don't buy that. Has anyone else heard that?
Upon receipt of the short sale approval letter I find this negotiator had revised the HUD that was submitted with the offer by removing title fees and reducing the commission and the time to close was shortened from the standard 30 days to 2 weeks - BTW, there is a financing contingency. Of course there is no waiver of deficiency in the approval letter either.
This same negotiator says Chase has no delegation authority yet refuses to submit changes to the investor. She screwed up by representing it to be HAFA all the way up until a week ago and now is trying to play hardball.
How can I find out if the TRUST divison of any lender is exempt from particpating in HAFA? (as if the Trust Division didn't get any of the bail out $$$, yeah right. )
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