Replies to This Discussion

Permalink Reply by Fred Shocklie on August 26, 2013 at 9:54am

I am having the same problem with a deal at Chase. 

Permalink Reply by joe beauchamp on August 27, 2013 at 6:22pm

Just because these banks make record profits yearly and lose maintenance income from the investors every time a short sale goes through, and this same management which makes record profits can't make staff read FHA rules and apply them in less than a month - maybe at a 4th grade level or less, you jump to a possible conclusion that this is planned incompetence? Would a bank really manipulate people like that?   ;-)

If you haven't contacted HUD yet, you should. There is no guarantee that this assigned specialist will be lifting a finger in the next 6 weeks, either. HUD will sometimes put smelling salts under their noses.

Permalink Reply by Patrick Smith on December 6, 2013 at 11:11am

I am on day 88 from my submission and I still don't have anything

Permalink Reply by Pattie Johnson on January 8, 2014 at 9:08am

The requirement is actually 5 days but up to 30. Only if an ATP is issued and all the terms and conditions of ATP met. My WF FHA deals have been getting done in the 30 day window. If they aren't, you should open a HUD ticket but will need a TPA from the seller allowing HUD to discuss with you. My recent HUD experiences have been case assignment and an email from the HUD representative within 5-7 days. You should continue to work with the representative through closing. Stay in contact with them so the case isn't closed.