Rick Bennett
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Rick Bennett's Discussions

Can a seller be approved for a second HAFA short sale?

Started this discussion. Last reply by Mike Ashcraft Sep 26, 2011. 5 Replies

Our seller sold under the HAFA program.  Moved into a second property that they owned and then had additinoal hardships that forced a sale of the property.  When we submitted to B of A they stated he…Continue

 

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Mike Ashcraft replied to Rick Bennett's discussion Can a seller be approved for a second HAFA short sale?
"Here is a good link for the guidelines:   https://www.hmpadmin.com/portal/programs/docs/hamp_servicer/mhahandbook_33.pdf HAFA info starts on page 118.  It doesn't say anything about not being able to do another one, though if there IS…"
Sep 26, 2011
thomasina singleton replied to Rick Bennett's discussion Can a seller be approved for a second HAFA short sale?
"First question. How long has it been since they sold under the HAFA program?"
Sep 25, 2011
Shane Persinger replied to Rick Bennett's discussion Can a seller be approved for a second HAFA short sale?
"Very interesting situation.  I would have to say that would be a learning experience for me as well."
Sep 22, 2011
Edward Aretz replied to Rick Bennett's discussion Can a seller be approved for a second HAFA short sale?
"Some people won't take no for an answer; some people won't take yes.  Take the yes."
Sep 18, 2011
Becky Martin replied to Rick Bennett's discussion Can a seller be approved for a second HAFA short sale?
"Hey if they say he is eligible who are you to argue?  Go with it:)  All they can do is turn the application down...."
Sep 17, 2011
Rick Bennett posted a discussion

Can a seller be approved for a second HAFA short sale?

Our seller sold under the HAFA program.  Moved into a second property that they owned and then had additinoal hardships that forced a sale of the property.  When we submitted to B of A they stated he was eligible for the HAFA program.  Does anyone know if this is okay, legal, or a problem?Thank you in advanceSee More
Sep 16, 2011
Rick Bennett replied to Sue Irwin's discussion If a 2nd has gone to collections, is it impossible to do a short sale?
"With the debt collection agency there are several things they will look at.  First hardship, second what earnings are, available cash, and what future earnings look like for the borrower.  It also depends on your states recourse or non…"
Aug 14, 2011
Rick Bennett is now a member of Short Sale Superstars
Mar 16, 2011

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First Name
Rick
Last Name
Bennett
State
Idaho
City
Boise

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