Replies to This Discussion

Permalink Reply by Kevin - Greenville, SC on September 24, 2012 at 9:06am

Get the 1st and 2nd speaking with each other.

Permalink Reply by Wendy Smith on September 24, 2012 at 9:09am

will the 2nd take $6k and a prom note?  

Permalink Reply by Terri Briggs on September 24, 2012 at 9:14am

We are in California and the servicer said Freddie Mac will not allow any contributions from buyer, seller or agent and nothing can be on the HUD-1, except the $6,000 contribution from the first.

Permalink Reply by Valerie Zaragoza on October 21, 2012 at 1:41pm

We have a short sale approved by Freddie Mac - The probate attorney will not allow us to close escrow if allowable fees are not paid.  There are no proceeds from short sale and Freddie Mac will not pay these fees.  The buyer and agents are willing to contribute. Will Freddie Mac allow this?  It will show in the buyer's side of the HUD

 

Permalink Reply by joe beauchamp on September 25, 2012 at 5:40pm

Another thread is discussing fannie and freddie speeding up short sales by allowing nobody to contribute to the 2nd except a max of $6K from the proceeds and the 2nd MUST release debt - regardless of their "HAFA". I guess you should consider yourself "helped"... Sorry..

Permalink Reply by Wendy Smith on September 26, 2012 at 12:53am

Fannie won't allow contributions either???