Short Sale Specialist Network
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HAFA & NO seller closing costs!
hello everyone - need some help with this one please:
I have a Fannie Mae loan serviced by Nationstar
hardship is job relocation
employer offers the seller a relocation package that includes the purchase of the emplyee/seller's honme... the purchase price is under FMV however there are no seller expenses on the HUD - since there are no selling expenses, the net on the HUD is higher
The Question: with a GSE HAFA, can there be NO seller expenses?
my knee-jerk answer would be that no seller expenses would be ok but since it is HAFA, and since it is GSE - logic has no place in the transaction.
Anyone?
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