"I would imagine the fee was not disclosed up front either - but it was not stated in the original question."
David Tang's Discussions
How do I get my HAFA approval letter at B of A?
Started this discussion. Last reply by Paul Antonelli Dec 5, 2011. 11 Replies 0 Likes
For over a month now, we have been told our HAFA Short Sale at B of A has been approved - but the approval letter has yet to come. Equator even shows the file in closing status and we recently got…Continue
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David Tang replied to James's discussion Sellers attorney /negotiator asking large fee"I don't know what the laws are in each state, but in California it is okay for the buyer to pay Negotiation fees (or whatever you want to call it) to people hired by the seller / listing agent. Generally, this would have had to come up at…"
Paul Antonelli replied to David Tang's discussion How do I get my HAFA approval letter at B of A?"Check your HAFA paperwork that the seller signed. If it was signed by the VP, that's all you will get besides the approval letter. The approval letter does not state HAFA anymore. Now it's all in the HAFA paperwork that you put in first…"
Mike Rizzo replied to David Tang's discussion How do I get my HAFA approval letter at B of A?"I recently had a similar situation and escalated the file. Both files were pulled from LRC and B of A is working both files. They pulled them two weeks ago and I'm expecting the approval letters tomorrow. You might want to…"
Dale Bradbury replied to David Tang's discussion How do I get my HAFA approval letter at B of A?"David, I had the same thing happen--to me but DO THIS! Go back and open the email you first received advising you of the approval. Look at bottom of the email, your approval letter and final worksheet are…"
"Have you tried escalating through BofA's twitter help? I just got a HAFA closed and they were much more helpful than customer service. @BofA_help Just keep escalating and stay on the phone once you get someone. …"
Kevin - Greenville, SC replied to David Tang's discussion How do I get my HAFA approval letter at B of A?"I've had several HAFA SS denied for one reason or another initially. After some heated escalation pointing out the facts of the situation to them I was successfully able to get everyone of them back into the HAFA…"
Kevin - Greenville, SC replied to David Tang's discussion How do I get my HAFA approval letter at B of A?"Possibly true, but you client will lose out on the possible $3,000 and the assurance of the deficiency waiver HAFA brings."
Terri White replied to David Tang's discussion How do I get my HAFA approval letter at B of A?"I had the same situation with B of A, using AMS as their HAFA outsourcer. Sorry to report that, after waiting more than 30 days for the letter, B of A CANCELLED the short sale due to the fact that my listing agreement had expired 2 days…"
Nathan Miller replied to David Tang's discussion How do I get my HAFA approval letter at B of A?"You'll have a quicker turn around to close out the HAFA short sale and start from scratch as traditional not using any of BAC's outsourcers."
Thom Colby 888-391-5245 CA Brkr replied to David Tang's discussion How do I get my HAFA approval letter at B of A?"I heard BofA is no longer outsourcing short sales to LRC or UTLS and they are doing them in house again. Maybe yours got "lost in the shuffle" and that may be why you're not getting return calls."
David Tang replied to David Tang's discussion How do I get my HAFA approval letter at B of A?"Thanks for the tip - unfortunately it is not there either. Anyone else have a tip or number I can call to move this along?"
Harry Clay replied to David Tang's discussion How do I get my HAFA approval letter at B of A?"Try looking in the Equator library under Offers.
I have had a number of approvals where they "forget" to notify me of the good news, & I belatedly find the approval pdf hidden in that little corner of Equator.
I never would have…"
David Tang posted a discussionHow do I get my HAFA approval letter at B of A?
For over a month now, we have been told our HAFA Short Sale at B of A has been approved - but the approval letter has yet to come. Equator even shows the file in closing status and we recently got our "is the closing on schedule" task.Our BofA closer said we have to get the letter from our UTLS Negotiator (B of A outsources it's HAFA short sale approvals).BofA Customer Service says they can do nothing.Our Negotiator at UTLS won't return calls or emails.Her Team Lead keeps saying we need to…See More
David Tang replied to Kimberly Azzam's discussion Buyer' Agent is related to the buyer~Is this still an Arm's Length?"Varies by lender. I have had similar circumstances with Suntrust and Wachovia where it was allowed but B of A said no. Wachovia is also owned by Wells Fargo (which owns ASC) so would seem okay. I also recall one lender saying they…"
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