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Out of state investor HAFA eligible? Why?

Posted by Russ Trinidad on February 25, 2013 at 7:40pm in Short Sale Discussions

Hi I have an out of state investor that might get HAFA approval. I really don’t know the benefits of a non-owner occupied seller going HAFA. Please help.

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Replies

TOP END Properties February 27, 2013 at 7:51pm

Waiver of deficiency. Higher pay out to 2nd lien holders (easier approval). $3000 incentive to tenant if needed to move out. If its BOA or Chase they may be eligable for the big incentives if initiated prior to an offer.
Bryant Tutas February 26, 2013 at 12:02am

Waiver of deficiency is the only thing I can think of.
- Russ Trinidad > Bryant Tutas February 26, 2013 at 7:55am
  
  OK THanks. Thats a big one. Ill forge forward.

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