Hafa Short Sale Offer Price Just A Little Short

Discussion in 'Short Sale Outpost' started by peppuz, Aug 26, 2016.

  1. peppuz

    peppuz LoanSafe Member

    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
  2. Moe Bedard

    Moe Bedard Call 1-800-779-4547 Staff Member Loan Safe Mortgage

    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.

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