1) WHO pays the up to $10,000 in relo fees? fannie mae? the bank? or? This makes a difference
when trying to negotiate a tight deal.
2) Is there a 'minimum net' rule in order to qualify?
2) Is it true Freddie Mac no longer participates in HAFA? That is what I was told by Freddie Mac
escalation dept. rep last week.
Here's some of the HAFA relocation qualification guidelines I found on a HAFA-related site:
Tags:
I also found the following info in a Calif. Association of Realtor article indicating not only does the money come from the government, but the lenders and servicers are given a $1,500 financial incentive for doing HAFA:
Note: this article written before the 02/2015 relocation expense increase from $3,000 to $10,000:
"The government incentives under HAFA are as follows:
According to Treasury the Relocation Assistance should not affect the net as it's 100% reimbursed by the Treasury Department.
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