Someone who knows the ropes, please let me on on the secret of how to get a HAFA approval from Bank of America. I thought I was Bank of America Short Sale savvy until they implemented AMS as their servicer for HAFA Short Sales. I have had a HAFA Short Sale complete with all documentation submitted for almost a month and a half. The BPO is done. I only know that because the agent called me about access to the house. AMS had no record that it had been done. I send regular messages through Equator requesting an update and call AMS every week. Week after week I get the same answer, "the file is in underwriting for review". I found out that that meant the file had been sent back to Bank of America for approval. I have worked with Bank of America and I know how long it takes for them to process a file and send it to their investors for approval. It could be anywhere between 3 - 6 months. Isn't the purpose of HAFA to shorten the process? Someone who knows the ropes, please let me on on the secret of how to get a HAFA approval from Bank of America. I would appreciate it very much. I am ready to tear my hair out. It could be ugly!!!! HELP me spare the hair!
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2012 ActiveRain Corp. All Rights Reserved