Good morning!

We received an offer from the lender today that approves my seller for HAFA provided that she pay $2,200 outside of closing to the mortgage insurance company.  The catch is that the $2,200 would have to be paid BEFORE the lender can issue the HAFA approval.  Paying it at closing is not an option for IndyMac.

The seller is hesitant to pay the contribution prior to closing because of the risk that the deal could fall apart and I'm concerned that the lender might not issue a HAFA approval after the contribution is made, regardless of the correspondence we've received from them.

Has anyone else come across this?  Ideas?

Alex Krumm

Re/Max Alliance Group

Broker Associate

GRI, Certified Distressed Property Expert

Winner, Five Star® Best In Customer Satisfaction: 2010, 2011, 2012

941-234-3597 Direct

941-954-5454 Office

941-444-2552 Fax

[email protected]

www.sarasotapropertygroup.com