It's been over 4 months since the HAFA (Home Affordable Foreclosure Alternative) program came into "full swing". So, you would think that some of these HAFA short sales would have closed escrow by now according to the time period. (more about these time lines in another post) However, in checking with other agents across the U.S. that also specialize in doing short sales, no one appears to have actually closed a HAFA short sale! Fellow short sale agents...if you have...please tell us about it.
However, in this same time, I have closed the easiest short sale ever with CITI, which when I took the listing, appeared to be the most challenging of all. But because the property belonged to a past client of mine I wanted to do everything possible to assist him through a bad situation. He didn't qualify for a HAFA short sale because he wasn't living in the property - a tenant was. We got approval within 30 days of submitting the package!! And in a few weeks after the closing the negotiator even sent me an email, asking for feedback on how the experience was in working with her. Bravo, Cassie!
The buyer's agent was thrilled - she said she would try to sell all my listings. Now, if only the HAFA short sales would go as smoothly! (sigh)
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