In case you missed it last month, in March this year, the Non-GSE HAFA short sale program was tweaked and updated. Below are the more significant changes: 2nd lien holders will see a payout of $8,500 maximum $3000 moving expense is only for those homeowners who OCCUPY the home Program extended until 12-31-2012 Homeowner may […]
Yea!! Bank of America is finally getting it. I’ve made no bones about it I can’t STAND HAFA short sales, but I would never begrudge a homeowner a HAFA short sale in Massachusetts or New Hampshire if they wanted it, however, I’m NOT a fan of HAFA by any means. Anyways, Bank of America sent […]
More bad news for HAFA short sale program for Massachusetts and New Hampshire Homeowners I have made it clear I am NOT a fan of HAFA. Since its inception, it has been plagued with issues. I have a homeowner we are currently working within New Hampshire who really wanted to try for a HAFA short […]
SECOND lenders do not have to participate in the HAFA program so even though it’s Chase or Wells or whoever the second lender is and they independently participate in the HAFA program as a second lender on the property they do not have to comply with the HAFA program. The agent’s going into these short sales didn’t realize that. Not only were the agent’s furious about the homeowners, the lenders in both cases CUT the commission to get an approval. Imagine that? A short sale lender cutting an agent’s commission? Well THERE’S something you don’t see every day right? WRONG!!