I just found out something new about Fannie Mae. I f you have an auction date date less than 120 days from the time the buyer applies for a HAFA Short Sale they will be denied. It just happenned to on of mine who was 118 days away. I thought it was just B of A being a jerk due to the messy 3 yr litigation over a loan mod but I was talking to a Senior level Escalation Manager yesterday on another file and aske her about it. She confirmed it!!! My client would have been eligible for the B of A co op plus HAFA (about $15,000) and now is eligible for nothing THE GOVERNMENT WHO CLAIMS TO BE HELPING.. HOMEOWNERS HAS SCREWED THEM AGAIN.
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