Can they require buyers to make deposit in escrow and subsequently allow escrow to prepare an estimated HUD 1 (not seller side only) as condition for approving ARASS?

Any feedback? From what I understand and as of HAFA updates published by NAR on 03/16/2011, FHA loans are not eligible for HAFA because FHA has their own process for short sales? This is situation, homeowners are 3 on title and only 2 are ready, able, & willing to proceed but the 3rd is incognito. Plus they have FHA financing on first with BofA former CW loan and there is a 2nd that was also CW and now owned by BofNY Mellon, serviced by GreenTree and both loans recorded NTS. The first… Continue

I am more then pleasantly surprised and appreciative for the recent response to my assistance request. I have yet dealt with a certain bank (US Bank) and my present resources were proving to be outdated or not qualified for the situation at hand. So I turned to the network to see if anyone had any info that would help me, really not expecting more then maybe a reference or two, giving me the basic info I already had and could easily locate on the Internet. I was wrong this time and as a result… Continue