HAFA and CCO
Last year, when I started this short sale, I was told that CCO was participating in HAFA ( and they are on the list of participants). I have been negotiating this short sale as a HAFA for 8 months. Now, CCO tells me they don't participate in HAFA and they want 10% of the balance....I have had no luck finding any contacts at CCO, citizens bank or RBS at all to escalate. Anyone have an idea? Not only do I have to tell these sellers that they don't get relocation money, but now they're going to have to pay thousands to get rid of CCO....
Replies to This Discussion
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Permalink Reply by Blair Stacks on
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Hi Cami, were you ever able to resolve this matter with CCO? I'm working with Chase as the first and CCO as the second. CCO want's 10% and Chase want's to do HAFA. How did it turn out for you?
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Permalink Reply by Cami Pinsak on
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Well - for this specific situation, it didn't work out. The seller had to contribute. But for another one I did that was a purchase money loan, they agreed to participate in HAFA because it was the best deal they were going to get. Tenacity is the key!
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