today is 1.30.2014 -Has anyone on here had success in obtaining a cash incentive other than HAFA for their clients from ASC (WELLS)? I have HAFA on board for the $3k but, my client is in need of more to relocate his family.
I am located in Fort Lauderdale Florida any advice would be greatly appreciated. Thanks, !
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I know if it is an old Wachovia loan they seem to give more for the incentive. Try to find out the original source of the loan and who is the ultimate investor of the loan. If the current investor is not Wells Fargo than it may be tough
Don't include the appliances in the sale price and then have the Sellers sell them separately to the Buyer.
Some States are offering some additional financial assistance for sellers doing a short sale. Check with your state.
I just received a $3000 HAFA relo, and an additional $43,000 "seller relocation incentive" approval from Wells for my seller.
She had to complete the entire HAFA package and give all her financials, and more importantly she had to stay in the property (they checked every 2 or 3 weeks) and maintain it until closing.
I am still not sure what they based that figure on, my client had limited income, but they declined to explain to me how that figure was arrived at. Good luck
If it's going through a HAFA short sale, it's very likely they will only be receiving a $3,000 relocation incentive unless they qualify for some sort of additional special incentive. Typically this would be brought up by the negotiator that the homeowners qualify for this or the homeowners would receive some sort of solicitation. Some private investors offer special incentives on specific loans.
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