Replies to This Discussion

Permalink Reply by Kyle Souza on September 16, 2010 at 7:54am

What do you mean by participate? Does the borrower meet the HAFA guidelines? We've had a couple of Chase HAFA approvals.

Permalink Reply by Julie Trujillo-Fox on September 17, 2010 at 5:37am

Hello Kyle,

Chase wanted my client to opt out of the HAFA program. He met the guidelines.

Thank you,

Julie

Permalink Reply by Kyle Souza on September 17, 2010 at 7:03am

I don't understand that. Does he occupy the property? It's either that the investor does HAFA or doesn't. They can't just tell him to opt out. Review the HAFA guidelines and send them to Chase to review if necessary. Am I missing something?

Permalink Reply by Julie Trujillo-Fox on September 17, 2010 at 10:33am

Hi Kyle,

He occupies the home. He was not eligible for HAMP. The negotiator requested a letter stating seller is opting out of the HAFA program. I will send him the guidelines and I thank you for all your help.

Julie

Kyle Souza said:

I don't understand that. Does he occupy the property? It's either that the investor does HAFA or doesn't. They can't just tell him to opt out. Review the HAFA guidelines and send them to Chase to review if necessary. Am I missing something?

Permalink Reply by Kyle Souza on September 17, 2010 at 12:09pm

Why was he not eligible for HAMP? Does he make too much money?