I am concerned about getting approved for my short sale b/c my mortgage was current. I qualify according to all of the other guidelines except the mortgage being current for HAFA guidelines - I'm not even sure if that is the program they are trying to get approval from to be honest.
I attempted to miss last month's payment, however, Fifth Third took the payment from my checking (where there was no money in it) and now I need to pay overdraft fees and such b/c they will not reverse mortgage payment, even though there was no money there!
Anyways, I feel really discouraged and I wait for a decision and I wonder if this has ruined my chances of getting approved for my short sale. I still have about 10 days to wait for a decision.
Does anyone have any experience with being current and still going forward with the short sale? I have already accepted that I would walk away with some sort of promissary note. My hardship is divorced and loss of that income.
**********************************
like buttons
Replies
Hi Meg. HAFA doesn't necessarily require you to miss a payment but Freddie Mac normally does. But they do make exceptions. You should discuss this with your agent or attorney.
Hi Bryant,
Today is day 15 and I have not heard a response. I called Fifth Third yesterday and they have not received word from Freddie Mac. Is it ok to call Freddie Mac and see what's going on? Any thoughts? I know Freddie Mac is a government business so that is the reason for delays. Patiently waiting...