"I am not a realtor, just a consumer. My question is, why are buyers agents paid the same as sellers? I think I would have liked to have paid something upfront to my buyers agent so that I would have felt more confident that they had my…"
"Our loan is owned by NFCU. After talking to many real estate agents it seems like the best option is to rent out the house. We live in Norfolk, big military area, and houses are getting rented before an offer comes in. That's…"
"HI Tracy, I'm not a pro. I'm simply another NFCU homeowner. Through my own research I have learned that NFCU only participates in HAFA if your loan is owned by NFCU. Additionally, they will consider a short sale if you are current. If your…"
"HAP is over. You needed to have orders BEFORE September 2010, and the house needed to be under contract before June 2006 http://hap.usace.army.mil/EP_PCS.html
Are these guidelines incorrect? There seems to be this perception that…"
"Tracy the Navy Ferderal does not set the guidelines the givernment does so they are the same no matter what bank it is with,. Here is the web site straight from HUD to give you everything you want to know about HAFA.…"
"We live in Virginia and yes, right now we do live in the house, although it looks like that requirement was changed with the new rules that took effect Feb 1. I asked my bank, Navy Federal, for their written rules for HAFA and was told there…"
"What state do you live in? Do you live in the house? There are rules for eligibilty requirements for HAFA. I had a client tell me the same thing then turned in evrything for him myselff and he qualified. It depends on what you are doing."
"Thanks for the reply Tracy,
We do not have a VA loan. My husband talked to his command and navy legal and they told him that a short sale should not hurt his credit enough to effect his clearance, foreclosure, yea that's another…"
"One thing that is highly important to know for both active military or veterans is that although you may qualify for HAFA you better not have a VA loan when you are doing it. Although the bank may allow the short sale under HAFA or any other program…"
"We are in VA and the bank can sue. Foreclosure is not an option because my husband needs security clearance for his Navy job and a civilian job in his field, plus the bank can come after us. Without that, pretty much everything we have…"
"My loan is a Navy Federal portfolio loan. Looks like the worst kind : ( I called the bank to get their hafa policy in writing and was told that there was nothing he could send me. All we can do is send in a short sale package and…"
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