I have an SPS (moved from B of A) short sale with a GMAC (now Ocwen) second. Running into same problem that I do with other lenders except SPS refuses to give, stating that they are going by HAFA guidelines. They will not send in the file for final HAFA approval until Ocwen sends them an approval letter stating they will accept the $8500 limit for HAFA on a second. And, of course, Ocwen also will not send the file to the investor for final approval until SPS supplys them with a HAFA approval letter. Any ideas? Escalated both of them. It seems I'm dealing with 2 children and need to talk to their parents. Can we put them in a corner?
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