Need help with HAFA short sale in HAFA approval process but Trustee Sale's 3 weeks away!

I have a client who has been trying to get her home B of A HAFA approved for the past 60 days.  She started the process on January 6, 2011. She contacted the short sale department to get approval for a HAFA short sale process. Was transferred to AMS Servicing and told that she passed the HAFA checklist. Then had to await "state review." On January 25 she spoke with Rishada at AMS Servicing who told her which documents she needed to submit for HAFA short sale approval. HAFA documents were submitted and uploaded on February 16. File is supposedly now with underwriters who may take up to 10 weeks or more to make a decision. The Trustee sale is slated for April 1st!

 

She has aksed for my help and I need to know how I can step in and speed up the process?  I have an offer that I can submit....would that help?

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Permalink Reply by Shannon Renner on March 25, 2011 at 6:46am

Hi all!

Thanks so much for all the advice.  As an update, the seller was denied the HAFA and B of A then offered her a Co-op and then took that back as they felt they would not have enough time to decide and advised we porceed with a traditional SS which is what we wanted all along!.  What?  Crazy!  Now I have an offer and am trying to get them to stop the foreclosure slated for next Friday the 1st.  By the way.....AMS did not even notify us of the HAFA denial.  Everytime we called they said it was still in review.  This was even told to us as of this last Tuesday when I escalated.  It was actually BofA customer service who finally said she was denied as of March 10!!  Unbelievable!

 

Any advice from experience on how to get BofA to discontinue the Trustee Sale would be great!  We have not been assigned a negotiator yet as of this morning, and I keep getting conflicting info when I call.  Thanks guys!

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