Seller has 1st lien w/ CHASE $90k , 2nd lien CHASE HELOC $95K, & 3rd lien HFC at $35k.
MV is $95K
Should Seller go w/ HAFA or not. Seller would like to rent back from Buyer/ Investor.
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Chase has an arm's length affidavit, and it definitely precludes an owner rent back.
"There are no agreements, understandings or contracts between the parties that the Seller(s) will remain in the Property as a tenant or later obtain title or ownership of the Property, except to the extent that the Seller(s) is permitted to remain as a tenant on the Property for a short term, as is common and customary in the market but no longer than ninety (90) days, in order to facilitate relocation."