Need a Higher Up Contact at FHA/HUD please!

Anyone got a higher up contact at FHA/HUD? I have a Bank of America short sale that's been going for months and we got one extension on it because we found an unknown 2nd that had to be addressed. We had until 11/27 to close and the buyer's lender couldn't meet that date. Went back and asked BOA for another extension and they are refusing and said we had plenty of time even though it wasn't our fault the buyer's lender was slow. We only need a few more days and they are telling us we'll have to start all over which puts us to 2013 and tax ramifications. I'm about to go over their heads to the investor, who I'm sure would like their money THIS year... help if you can! Love to have an email or phone number for a higher up at HUD/FHA!

Replies

Kevin - Greenville, SC December 3, 2012 at 1:50pm

Is the ATP still valid?

10. Why does the Sales Contract Review Approval Form (SCR-A) not stipulate

a close date?

HUD does not specify a closing date on the SCR-A since the time frame for

closing is outlined in the Approval to Participate (120 days from the issuance

date, and a 60-day extension in certain circumstances). As long as the sale

is closed within those time frames, HUD allows the closing date to be dictated

by the terms of the purchase contract
- Kevin - Greenville, SC > Kevin - Greenville, SC December 3, 2012 at 8:16pm
  
  https://agentresources.bankofamerica.com/content/document/ss_FHApre...
  - David Winter > Kevin - Greenville, SC December 5, 2012 at 9:33am
    
    Except that on the last two B of A FHA SCRA's I have received (both within the last 14 days), they did specify closing dates.
    - Kevin - Greenville, SC > David Winter December 5, 2012 at 5:49pm
      
      Yes, that date usually is the date on the Purchase Agreement and/or the Preliminary HUD-1. Revise both if an extension is needed.
Bryant Tutas December 3, 2012 at 10:56am

I would escalate here first:

***Need Help? Try TWITTER HELP:

LOG INTO YOUR TWITTER ACCOUNT and TYPE: @BofA_Help Call YOUR NAME RE: PROPERTY ADDRESS, YOUR TEL NUMBER

or go to escalation.tool.support@bankofamerica.com

http://social.bankofamerica.com/

You can also have the seller contact HUD at:

FHA National Servicing Center

(877) 622-8525 Customer Service

(469) 674-4451 Fax

customerservice@deval.us

They will need their FHA case number. It will be on the HUD90045 (ATP). the ATP dictates when the transaction needs to close by. If you are beyond the timelines outlined in the ATP then you will need a variance from HUD.