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CHASE-ARMS LENGTH TRANSACTION

Posted by Sigal Waizman on November 19, 2015 at 11:43am in Short Sale Discussions

I have a short sale approval with Chase, Its HAFA short sale.

Chase wants the Purchaser attorney to sign it. Since when? Its the first time that I was asked the buyer`s attorney to sign.

Both Seller`s and purchaser attorneys told me that only the parties that are on the HUD are the ones who should sign the Arms Length Affidavit. Helpppppppppppp

Thank you

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Replies

  • Sigal Waizman November 22, 2015 at 9:51am
    Representing the buyer... I thought whom ever is on the Hud they need to sign since that are getting the checks from the transaction. This is the first bank that asked me to have the buyer attorney sign
  • Wayne Brooks November 22, 2015 at 6:36am
    The attorney's name is on the purchase contract,How, in what capacity?
  • Sigal Waizman November 20, 2015 at 8:14am
    His only involvement is that his name appear in the contract that's it..
    • Sigal Waizman > Sigal Waizman November 21, 2015 at 12:56pm
      Ok.. thanks.. the attorney does not want to sign because he never heard about it.
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