I have a short sale going with Chase as the 1st lien holder, SLS as the 2nd lien holder and an attorney who is representing Discover card as the 3rd lien holder. I am working on this as a HAFA short sale and am wondering what the total is that I can get to pay both the 2nd and 3rd lien holders. I was under the impression that I would be splitting a total of $6000 between the 2nd & 3rd lien holder. SLS is telling me that the total is $8500. I was under the impression that the amount had changed in standard HAFA short sales but not with Fannie Mae. Their total is still $6000. Am I right or wrong? Any info will be helpful
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Thanks for your help!! Per Fannie Mae's escalation guidelines, I have escalated to Fannie Mae. Hopefully they can help me get this approved with the second lien.
Escalating an issue
You can also escalate an issue to Fannie Mae if:
Received approval from the servicer for your transaction, but the second lien holder has imposed closing conditions that are impossible to meet.
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