FHA Confusion, Need Clarification on Approval and When to List

Started this discussion. Last reply by Kevin - Greenville, SC Feb 8, 2012. 4 Replies 0 Likes

Owners called to initiate a short sale over a month ago.  They have an FHA loan and were in the process of trying to obtain a loan modification but got frustrated and decided to sell.  I was told by…Continue

Need final HUD approval to close Tomorrow B of A won't respond

Started this discussion. Last reply by Michael Schneider Jan 22, 2012. 6 Replies 0 Likes

We are hoping to close a BoA Hafa short sale tomorrow.  The HUD was submitted 72 hours prior and they rejected stating The Hafa Allowance HUD line needed to read differently. We immediately made the…Continue

HAFA and Inspections

Started this discussion. Last reply by Jen Basnight Nov 13, 2011. 6 Replies 0 Likes

Hello, I am currently working several short sales and learning something new each and every day. On a HAFA sale, buyers submitted a lower offer than the bank approved amount. (The bank approved…Continue

Tags: BOA, Timeline, sale, Short, Inspections