What if offer is higher than HAFA approved value?

I received a HAFA Program Approval for my client today.  We already submitted an offer for more than the amount requested in the HAFA approval.  Will the fact that the offer is higher than HAFA's requested amount have any impact on the approval?

Views: 50

▶ Reply to This

Replies to This Discussion

Permalink Reply by Smitty on May 3, 2011 at 1:15am

I can only assume that's good news.  It hasn't happened to me, but I can't imagine it's a bad thing.

 

I usually tell the buyers agent to put in an offer about 10% less than their max offer, and that way I have room to play with if I need more. 

 

Great job. 

Permalink Reply by Donna Clayton, Broker, MBA on May 3, 2011 at 1:25am
The buyer's offer was considerably higher (20% higher).  I'm just hoping the lender won't question the BPO they used to set their value.  Perhaps I'm just over-thinking it.

Smitty said:

I can only assume that's good news.  It hasn't happened to me, but I can't imagine it's a bad thing.

 

I usually tell the buyers agent to put in an offer about 10% less than their max offer, and that way I have room to play with if I need more. 

 

Great job. 

RSS

Members

© 2024   Created by Short Sale Superstars LLC.   Powered by

Badges  |  Report an Issue  |  Terms of Service

********************************** like buttons ************************