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Need URGET HELP re: HAFA

Posted by Dave Watkowski on June 4, 2012 at 4:33am in Short Sale Discussions

Situation: My seller was approved for HAFA with buyer #1 on her short sale.

Buyer #1 walked a week before B of A approved short sale (with $3,000 HAFA) for $165,000.Tired of waiting.

Buyer #2 was slid in with an offer of $150,000 & walked 2 weeks later. (Investor found something better)

Buyer #3 submitted. $167,000 cash.

Received counter today for $168,000 but no HAFA. B of A says HAFA approval expired & cannot approve now. Buyer says OK to the $168,000 but seller wants (& needs) the HAFA assistance to move. She is elderly & has no other means to move.

How can I get B of A to approve (re-approve) the HAFA for my seller? Anyone?

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Tags: A, B, HAFA, Short, of, sale, with
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Replies

  • Kimberley Kelly June 5, 2012 at 2:10am

    Thanks Bryant..

  • Bryant Tutas June 4, 2012 at 1:29pm

    HAFA has an expiration date. Once it goes by the seller is out of luck. However there are several programs with BofA where they pay incentives. Just ask. Tell them you need $3,000 for the seller and then place it on the HUD.

    You can also escalate:

     

     ***Need Help? Try this:

    http://twitter.com/#!/bofa_help or email escalation.tool.support@bankofamerica.com 

     http://social.bankofamerica.com/

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