Replies to This Discussion

Permalink Reply by Smitty on February 5, 2011 at 7:45am

I went through something similar at BOA .  Client didn't respond to HAFA and once foreclosure date was set they were ineligible for HAFA short sale.  I did traditional, and things are looking good, but I don't know if that is a BOA rule or all  servicer rule.  I believe the homeowner has 10 days to respond and then they close the program out.  I think as long as no auction date is set, you can still pursue HAFA but once a dat is set you're stuck with Traditional short sale.  someone correct me if I'm wrong.

Permalink Reply by Ron Margolis, RA on February 5, 2011 at 8:18am

I've asked one of the HAFA servicers at B of A to request a longer foreclosure extension so that we might reinitiate into HAFA. That may be a possible workaround to the denial of HAFA sale due to a foreclosure sale date.  We'll see if it works. Aloha...

Permalink Reply by Elizabeth Meyer on July 11, 2011 at 6:02am

Ron,  Were you able to move ahead with the HAFA short sale with IndyMac or did the home go to foreclosure?