US Bank says that seller cannot participate in HAFA because there is an offer in place. However the HAFA packet was submitted prior to offer submission but negotiator did not get to it until the offer was sent in. Any suggestions? Seller will not agree to short sale unless deficiency balance is waived and the loan has MI, investor is Freddie Mac and there is no 2nd.
Tags:
I'm in the exact same situation. Package sent in April....no response. Offer sent in July.....no response. Now saying they are not eligible for HAFA because they didn't have approval prior to offer. Investor is Freddie Mac, who says they cannot do anything about US Bank in-house policies.
US Bank is correct (for once). There is no ALT-RASS with a Freddie Mac HAFA Short Sale. You must have a HAFA SSA agreement in place prior.
© 2024 Created by Short Sale Superstars LLC. Powered by
Short Sale Superstars, LLC and www.ShortSaleSuperstars.com does not endorse the real estate agents, loan officers, attorneys, real estate brokers and other participants listed on this site. These real estate profiles, blogs, blog entries and forums are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a short sale. Short Sale Superstars, LLC takes no responsibility for the content on these pages that are written by the members of this community.