Has anyone had an Investor with Greentree who does not participate in the HAFA program, the first Lender does, Green tree second Investor does not. Have offer and all docs submitted to both Lenders ....
What did you do to get the transaction closed?
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I got a HAFA first with a Greentree second closed in September with Greentree waiving all deficiencies. I had to escalate the file to a supervisor, and send proof of the HAFA approval from the first. Once I did that, I had an approval in about a week.
Good luck- and don't give up. They will do it
I got a HAFA first with a Greentree second closed in September with Greentree waiving all deficiencies. I had to escalate the file to a supervisor, and send proof of the HAFA approval from the first. Once I did that, I had an approval in about a week.
Good luck- and don't give up. They will do it
Hi Terry, I actually had GT (as the second lender) come back with a choice of approval letters when I received a HAFA approval from the first.
1. $2,000 and they chase my seller with deficiency
2. $10,000 and no deficiency.
It was the strangest thing I have ever had happen in the 90+ short sales I have been able to get approvals for.
I wrote a post of this fiasco here in case you are interested:
http://shortsalesuperstars.com/group/greentreeservicing/forum/topic...
Let us know how you make out!
-Mark
I need clarification please. If the second does not cooperate for the HAFA program, and the first does -
Can the Seller use the $3K incentive towards negotiating the second and if a family member is willing to give them a little money to pay off the negotiated balance on the second to free the debt and lien - can that be done?
Does GT want more $ than what the first is willing to give them?
-Mark
Terry,
I have the same scenario. How did you make out on this one?
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