Comment

Comment by Shelly White, MBA, SFR on July 21, 2011 at 12:44pm

Does anyone have a list of the amounts servicer's are paying for HAFA participation. I have heard "up to $3000 per WFB and I am verifying with Chase the same amount or possibly more. I know I read Citibank is offering up to $12,000 was is? Does anyone have the accurate information per lender/servicer?

Comment by Sherry Pyszczynski on July 3, 2011 at 4:44am

When doing my last Chase HAFA short sale, I was very upfront with the Negotiator, the processor and anyone I could ever speak to. I told them my client has a bankruptcy and is not concerned about the benefits of a short sale outside of the relocation allowance. Without the incentive, my client would prefer to stay in the house as long as possible to save up that same money. I just kept asking for their help. We finally got it. Thankfully.

I had this house listed for close to a year with only 4 showings. (pretty rural area)  I will say, that within a couple of days of getting our offer, I received an awesome back up offer.  Don't ever give up!

Comment by Clay and Kathie Kime, CDPE, SFR on July 2, 2011 at 7:58am

Hi Mesare,

 

That does not jive with what I know to be true.

 

We just closed a HAFA-Chase w/GreenTree 2nd last Thursday.  We already had the offer at the time it was submitted AND Chase allowed the full $3,000 Relocation Incentive in the deal.  They also alowed $5,000 in buyer subsidy and $6,000 to GreenTree/2nd Trust.

 

I would try to get to a Chase supervisor, pronto-mundo!  Personally, I think Chase is one of the best loss mitigation groups to deal with.

 

Best of luck!

 

Clay