"I think someone is not understanding the situation. HAFA usually sends out a Short Sale agreement and the time frame for that is only 120 days. If you sell you home during that time at the agreed on price then you close and move on. I would call…"
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Bev LaLonde replied to TJ's discussion Is it possible to go straigt to a deed of lieu without short sale? in the group Wells Fargo Short Sales"Not sure what state you live in BUT CALL YOUR HOUSE OF REPRESENTATIVES CONGRESSMAN/WOMAN. Ask for the chief of staff or anyone else who will take your call. Rehearse beforehand so you don't sound like an idiot. MAKE SURE YOU tell them your…"
Kevin - Greenville, SC replied to TJ's discussion Why doesn't a FHA loan qualify for HAFA? in the group HAFA Short Sale Program"@Mike - I've had different successes with the FHA PFS Program. I've closed 5 after the issuance of an ATP with no DIL or FC. Challenging yes, but most SS are. I much prefer them to a VA Compromise Sale or a HAFA SS."
Joseph C. Alfe replied to TJ's discussion Is it possible to go straigt to a deed of lieu without short sale? in the group Wells Fargo Short Sales"TJ, a DIL is the same against your credit as a foreclosure. You are being foreclosed voluntarily. If you do a DIL, make sure you get a full deficiency release or it is not worth doing."
Sheyenne Schultz replied to TJ's discussion Is it possible to go straigt to a deed of lieu without short sale? in the group Wells Fargo Short Sales"I feel sorry for you and your situation. Half this country is stressed out and underwater right now, so feel comforted in knowing you are not the only one in this boat.
I can only give u an opinion, not advice. Please please please check out the…"
"Just one more thing, whether it be a Short Sale, a Deed in Lieu of Foreclosure, or a Foreclosure there are two things you need to be concerned about. There is the mortgage payments and the debt itself. In the case of SS, DIL and Foreclosure the…"
Sherrilee Denton replied to TJ's discussion Is it possible to go straigt to a deed of lieu without short sale? in the group Wells Fargo Short Sales"Congratulations on your precious 3 month old daughter, what a wonderful blessing. Obviously the new addition to your family and the struggles you are experiencing which are leading you to consider loosing your home is causing you to feel…"
Michael Schneider replied to TJ's discussion Why doesn't a FHA loan qualify for HAFA? in the group HAFA Short Sale Program"@Kevin These are two of the flaws in PFSP. Another major one is that PFSP pretty much removes the incentive for the seller to sell. After you get the ATP, the financially best strategy for a seller is to delay as long as possible…"
Wendy Smith replied to TJ's discussion Is there any way to not have to your home on market for 120 days with SS? in the group Wells Fargo Short Sales"Many servicers will not offer a DIL until the property has been marketed for 120 days. Price is right, make it accessible for buyers agent and there WILL be an offer. Investors are always looking for a good deal. You need a Realtor…"
ChrisGorno replied to TJ's discussion Is there any way to not have to your home on market for 120 days with SS? in the group Wells Fargo Short Sales"TJ~
Kevin is right! It's all about price in any market. If a home is well priced, it will sell. If you have a CDPE agent who will price it right, you should get offers in the 1st 2-3 weeks or they will reduce it, to get it sold. Then the…"
Kevin - Greenville, SC replied to TJ's discussion Why doesn't a FHA loan qualify for HAFA? in the group HAFA Short Sale Program"The FHA PFS Program is actually pretty straightforward IF you get accepted into the Program. The only real hiccups in my opinion are a Fair Appraisal and any possible Jr. Lien(s) as the amount they will generally only pay towards…"
Mark Smith CDPE SFR replied to TJ's discussion Is there any way to not have to your home on market for 120 days with SS? in the group Wells Fargo Short Sales"You can request a deed in lieu from the bank, but they will still want you to go through the same process. The DIL might make things a bit quicker. A DIL is like a foreclosure and will affect your FICO score. Do you have a real…"
Kevin - Greenville, SC replied to TJ's discussion Is there any way to not have to your home on market for 120 days with SS? in the group Wells Fargo Short Sales"If it's priced to sell it will get an offer. Skip the Short Sale process to do what?
Kevin M. Lancaster - Willson - Realtor, SFR
SC License # 31391
Keller Williams Realty
700 Airport Rd.
Greenville, SC 29607
Main Office:…"
Michael Schneider replied to TJ's discussion Why doesn't a FHA loan qualify for HAFA? in the group HAFA Short Sale Program"Because the FHA has their own short-sale program--the Preforeclosure Sale Program (PFSP).
HAFA was based on PFSP. Treasury added their own fatal flaws to the already flawed FHA/PFSP, thereby ensuring that HAFA would be even less…"
Kevin - Greenville, SC replied to TJ's discussion Why doesn't a FHA loan qualify for HAFA? in the group HAFA Short Sale Program"FHA and VA Loans do not qualify for HAFA. With an FHA insured loan a FHA Pre-Foreclosure Sale is the route for a Short Sale.
Kevin M. Lancaster - Willson - Realtor, SFR
SC License # 31391
Keller Williams Realty
700 Airport…"
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