We are at the table to close and Cenlar had just said they will not approve the closing because it was not reviewed as HAFA. We received the approval from Cenlar for 6k and submitted it to Ocwen. Now that they received the approval from Ocwen along with the CD to close they are saying they want $12k. The first approval states max $6k to Cenlar and the second lien holder is entitled to the lesser 8% of UPB or $12k. 8% would be $2720. I need help or this is going to blow up.
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Could this transaction of gone through HAFA with the 1st? Who is the investor on the 1st? Is there any way to close the 6k gap at closing? Does this property have a foreclosure sale date?
Brett@ishortsalenow.com
310-564-6389
www.ishortsalenow.com