This is my first short sale with HAFA, so no doubt this is a 'duh' question, but I would appreciate the clarification. The short sale is approved, and the approval letter says that they want a copy of the HAFA check. Where is the $3,000 check coming from? Who is getting it and when?
Tags:
The HAFA Incentive check comes from the Settlement Agent (i.e, Attorney, Title Company).
It should be on the seller's side of the HUD as a "Seller Incentive - HAFA"
Well, maybe this is a "duh" situation for the short sale lender? Typically, the 3K is dispersed at COE by the title/escore company/agent, via check, so no check prior to COE. Unless you can get title to cut it, sign it and hold it?
I assume they are just trying to verify that the payment for the incentive had been made to the Seller from the Settlement Agent.
Thanks Kevin, Thom, and Kelee for your responses.
It seemed odd to me that Chase wanted a copy the check for the HAFA disbursement, but not for the Chase incentive. On the other hand, maybe they need evidence that they are providing the HAFA incentive.
© 2024 Created by Short Sale Superstars LLC. Powered by
Short Sale Superstars, LLC and www.ShortSaleSuperstars.com does not endorse the real estate agents, loan officers, attorneys, real estate brokers and other participants listed on this site. These real estate profiles, blogs, blog entries and forums are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a short sale. Short Sale Superstars, LLC takes no responsibility for the content on these pages that are written by the members of this community.