HAFA Short Sale Closed with HUD Approved Variance & NEW Roof for Buyer

By
Real Estate Broker Owner with F.C.Tucker 1st Team Real Estate

Approved HAFA Short Sale, APPROVED HUD Variance

 

We closed on a short sale listing in NW Indiana 95 days after the offer was accepted by the seller.

 

HAFA Short Sales have another layer of approval needed to close escrow.

 

We listed a Valparaiso, Indiana Property for Sale Subject to Lenders Approval of a short sale in which the seller met the guidelines for a HAFA Short Sale.


After the Short Sale Approval, Buyer's Appraisal came back that home needed a new roof.

Message from the short sale negotiator (servicing company) was not hopeful :

 

While I have been advised by my manager that it is unlikely that HUD will approve the variance we're requesting, I agree with you that it is our best option. However HUD has not yet responded to the variance.


...Jeff called HUD himself and initiated an escalation process that did get the needed Variance approved!!!


Home is SOLD!

We are grateful for the patience of the buyers agent and clients involved as this transactions obstacles caused a delay in closing, but was overcome by all parties involved working together!


Lesson learned = Due diligence upfront !


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Jeff & Grace Safrin,  Broker / Owners                              Sign Up For Our Real Estate Newsletter

F.C.Tucker 1st Team Real Estate

13 Lincolnway Suite # 203 

Valparaiso, IN 46383         

Office # 219-309-9930

serving Lake, Porter, La Porte, Jasper, Newton & Starke Counties in NW Indiana

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Topic:
Real Estate General Information
Location:
Indiana Porter County Valparaiso
Groups:
Porter County Indiana
Indiana Real Estate Professionals
Short Sales Pre Foreclosures Bankruptcy and More!
Posts to Localism
Short Sale REALTORS®
Tags:
new roof needed
fha buyer
hud variance
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Northwest Indiana Real Estate - Lake, Porter, La Porte, Counties in NW Indiana. A Team Approach To Real Estate. We Are Internet Savvy! We provide you Valuable services and representation in Buying or Selling Real Estate and Relocation services : Competitive Market Analysis of Price, Marketing Plan that sells our Listings, Access to the largest buyer pool via Northwest Indiana Multiple Listing Service, Negotiation of Contracts. Coordination of the many aspects of Closing the Transaction: financing, inspections, insurance, appraisals, surveys, title work, deed, escrow, possession. Page copy protected against web site content infringement by CopyscapeF.C.Tucker 1st Team Team Real Estate serving NW Indiana

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