Hafa Short Sale Offer Price Just A Little Short

peppuz

LoanSafe Member
Aug 25, 2016
3
0
1
64
Hello,
We have been approved for a HAFA short sale, but the best offer is $5,000 short of the appraised value, and the servicer has refused to accept the offer. This is by far the best offer we've had and the realtor has stated many times that the bank's appraisal is way off. Under this program, we (as sellers) are prohibited from contributing to the sale, so we cannot pay the $5k at closing. I am sure a side deal with the buyer to pay him the $5k would be prohibited by the program, but am not positive. Any thoughts or suggestions?
Thanks
 

Moe Bedard

Call 1-800-779-4547
Staff member
Loan Safe Mortgage
Aug 10, 2007
26,841
466
1,000
48
Southern California
www.loansafe.org
Hello,

The only solution I see if for the Realtors to agree to a reduced commission which will reduce the closing costs. This may be the key to making the sale go through.