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B of A and HAFA

Posted by Lydia on May 18, 2011 at 1:14pm in Short Sale Discussions

Hello All,

 

I could use your sage advice.  I have 2 files with B of A they are both going through HAFA. Both files have been with HAFA since January, the file is complete, the appraisal is in...and we still don't have approval.

 

Is there anyway to expedite our file or escalate it? Both buyers are about to drop out and I'd really like to save both deals.

 

Thanks in advance!

Lydia

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Replies

  • Jeff Payne May 20, 2011 at 4:31am

    Very common for BofA, It has been a long time since I have seen a BPO done with BofA compared to an appraisal
    Lydia said:

    Hi Jed,

     

    We didn't even have a BPO. B of A sent out an appraiser. It was completed on 4/13/11!

    Lydia


    Jed Shuler said:

    I wish I had an answer for you. I have have a BofA HAFA that they told me they have ordered the BPO over 3 weeks ago!! I've called the 3rd party negotiator, REDC almost every day for 2 weeks wondering what the heck is taking so long for a BPO agent come and atleast do the walk-through.

     

    How long did it take for the BPO to completed on your two files?

     

    Thanks,

    Jed

  • Jeff Payne May 20, 2011 at 4:31am
    The email that worked for me was escalations@hmpadmin.com
  • Eric Mieles May 19, 2011 at 8:12am

    Lydia,

     

    Is it with any of the HAFA servicers such as AMS or LRC?

  • Lydia May 19, 2011 at 4:20am

    Hi Jed,

     

    We didn't even have a BPO. B of A sent out an appraiser. It was completed on 4/13/11!

    Lydia


    Jed Shuler said:

    I wish I had an answer for you. I have have a BofA HAFA that they told me they have ordered the BPO over 3 weeks ago!! I've called the 3rd party negotiator, REDC almost every day for 2 weeks wondering what the heck is taking so long for a BPO agent come and atleast do the walk-through.

     

    How long did it take for the BPO to completed on your two files?

     

    Thanks,

    Jed

  • Lydia May 19, 2011 at 4:19am

    Jeff,

     

    Thanks for the info.  Would you be kind enough to forward me the email address to escalate the file?

     

    Thanks!

  • Jeff Payne May 19, 2011 at 2:47am
    Have you tried escalating to HAFA?  I have one that I submitted on 3/23/11 that we are closing on 6/1/11 and it went pretty smooth but I had to send an escalation email to get them moving on it.
  • Jed Shuler May 18, 2011 at 4:07pm

    I wish I had an answer for you. I have have a BofA HAFA that they told me they have ordered the BPO over 3 weeks ago!! I've called the 3rd party negotiator, REDC almost every day for 2 weeks wondering what the heck is taking so long for a BPO agent come and atleast do the walk-through.

     

    How long did it take for the BPO to completed on your two files?

     

    Thanks,

    Jed

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