shortsalelinks12-1702012

A-Pass-Weikel Institute
www.apassweikel.com

SHORT SALE LINKS
updated 12-17-2012

*** New***
MHA Guidebook
published 12-13-2012
Be sure to read Page 14 and Chapter IV for the latest information on HAFA Short Sales
https://www.hmpadmin.com/portal/programs/docs/hamp_servicer/mhahandbook_41.pdf

http://www.freddiemac.com/singlefamily/service/hafa.html

http://www.freddiemac.com/singlefamily/service/mha_modification.html

http://www.freddiemac.com/singlefamily/service/hafa.html

https://www.hmpadmin.com/portal/news/announcements.jsp

HAFA Documentation

Currently, servicers are required to use the HAFA documents posted on HMPadmin.com or

forms that are substantially similar in content to the forms provided. Effective immediately,

servicers are not required to use the following forms: SSA, DIL Agreement, Request for

Approval of Short Sale (RASS) and Alternative Request for Approval of Short Sale (Alt RASS).

The SSA form will be converted from a bilateral agreement to a form of notice that sets forth the

terms upon which the servicer will approve a HAFA short sale but does not require the borrower

to sign and return an agreement. The updated version of the SSA will be referred to as the Short

Sale Notice (SSN) and will be posted to HMPadmin.com. Servicers are encouraged but not

required to use the SSN when pre-approving a HAFA short sale. If a servicer elects not to use

the SSN, the terms of any pre-approved HAFA short sale must be communicated to the borrower

in writing and such writing must include all terms described in the Handbook Chapter IV,

Section 7.4 as amended by this guidance.

The forms of the Request for Approval of Short Sale (RASS) and Alternative Request for

Approval of Short Sale (Alt RASS) are being eliminated. The HAFA short sale terms included

in the Alt RASS will be included in a new Acknowledgment of Request for Short Sale (ARSS)

document that will be posted to HMPadmin.com. If a borrower has an executed sales contract

and requests the servicer to approve a short sale before issuance of an SSN or other HAFA preapproval,

servicers must acknowledge the request in writing, using the ARSS or other writing

containing substantially the same terms as set forth in the ARSS, all as described below.

The form DIL Agreement has not been changed though its use is now optional as more fully

described in this Supplemental Directive.

Consideration of Borrowers Requesting a Prhttps://www.hmpadmin.com/portal/news/docs/2012/hampupdate111612.pdf

http://minnesota.publicradio.org/display/web/2012/05/25/short-sale-homes/

http://www.realtor.org/topics/short-sales

http://www.treasury.gov/initiatives/financial-stability/reports/Documents/SPOC%20Special%20Report_Final.pdf

http://www.peoriaopenhouse.com/consumers/documents/Short%20Sale%20Buyers%20Checklist.pdf

http://realtorsfr.org/docs/Buyer_Short-Sale_Checklist.pdf

http://www.access-realestate.com/PDF/Short%20Sale%20Document%20Check%20List.pdf

http://www.google.com/url?sa=t&rct=j&q=short%20sale%20document%20checklist%202012&source=web&cd=3&ved=0CEEQFjAC&url=https%3A%2F%2Fwww.chase.com%2Fccpmweb%2Fchf%2Fdocument%2FChaseShortSaleFull.pdf&ei=4B7LUPPSNILpqAGT9YDQBw&usg=AFQjCNH9vhoGYpVH-x2MH_2Gq1MfWNjUug&bvm=bv.1355325884,d.aWM

http://www.freddiemac.com/learn/service/mha.html

http://www.ftc.gov/opa/2011/07/mars.shtm

FTC MARS ADVANCE FEE BAN 2-10-2011
http://www.ftc.gov/opa/2011/02/mars.shtm

http://www.ftc.gov/opa/2011/02/pdf/110210mars_business.pdf

http://www.ftc.gov/opa/2011/02/pdf/110210mars_lawyers.pdf

http://www.ftc.gov/opa/2011/02/pdf/110210mars_homeowners.pdf

Federal Housing Finance Agency
New Short Sale Guidelines
August 21, 2012
http://www.fhfa.gov/webfiles/24211/Shortsales82112Final.pdf

https://www.fanniemae.com/content/announcement/svc1219.pdf

http://www.fhfa.gov/webfiles/24211/Shortsales82112Final.pdf

http://www.freddiemac.com/sell/guide/bulletins/pdf/bll1216.pdf

http://www.freddiemac.com/sell/guide/bulletins/pdf/bll1210.pdf

http://homeloanhelp.bankofamerica.com/en/short-sale.html?cm_mmc=Cre-GeneralServicing-_-MSN-PS-_-short%20sale-_-Short%20Sale%20-%20Phrase%20-%20Short%20Sale%20General

http://homeloanhelp.bankofamerica.com/en/event-checklist.html

http://homeloanhelp.bankofamerica.com/en/assets/documents/710a_Bank-of-America.pdf

https://www.hmpadmin.com/portal/programs/docs/hamp_servicer/sd1210.pdf

https://www.hmpadmin.com/portal/programs/docs/hamp_servicer/mhahandbook_41.pdf

Updated HAFA Forms Now Available on HMPadmin.com 11-16-2012

https://www.hmpadmin.com/portal/news/docs/2012/hampupdate111612.pdf