ASC just sent the seller a list of documents they wanted along with a few questions. Among the questions was:
"Why are Food, Transportation, and Utilities Expenses above the national average?"
Are you kidding me? Has anyone ever seen anything like that before? We've done hundreds of short sales and that is a first for us.
WOW. Really? They are stretching huh. I once had AHMSI ask me if my seller owned his truck...as if to say, "Hey sell your truck and pay your mortgage"
Yep, really. And on top of that, he sent us this request involving multiple documents that have to be collected at 8:53 pm last night, and told us that if he didn't have an answer by 3:30 today, he was going to deny the client's application for a HAFA short sale. Seems just a tad unfair, don't you think? Especially when the client is active military and can't exactly tell his CO that he can't do his job today, he has to go collect some paperwork for a short sale.
I'm not sure if it is a matter of having no hearts, no brains, or a combination of both.
Thanks Bryant -- I'll have to search the internet to see if those charts are on the net, because I have no idea if they are off by $50 or $5,000 from "the norm".
It helps to know that the charts even exist.
$1000 for 2? I am rethinking buying you lunch next week Bryant!
I ran into this once, the seller simply explained that he lives in Hawaii and everything is expensive there!