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FHA SHORT SALE TIP

Started by Kiann Lewis in Short Sale Discussions. Last reply by Evelyn Gutierrez, SFR, MRP, CDPE yesterday. 1 Reply

Servicer setting closing date BEFORE approval?

Started by Johnny Escobar in Short Sale Discussions. Last reply by Johnny Escobar 23 hours ago. 4 Replies

3 Short Sale Tips

Started by Rebeka Shadpour in Short Sale Discussions Feb 6. 0 Replies

Tip for Short Sale

Started by Bridgette Villamor in Short Sale Discussions. Last reply by Johnny Escobar 16 hours ago. 5 Replies

GET PUBLISHED BY Short Sale Super STARS

Started by Brett Goldsmith in Short Sale Discussions. Last reply by Tony Morales yesterday. 31 Replies

Franklin Credit Management Corp

Started by Charity Heatley in Short Sale Discussions. Last reply by Charity Heatley Jan 30. 4 Replies

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BOK Financial

Posted by Vincent Donaldson on September 21, 2016 at 9:08pm 1 Comment

 

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Latest Activity

Johnny Escobar replied to Bridgette Villamor's discussion Tip for Short Sale
"Once again, thanks so much for all the great insight. I'm going to reach out and see."
16 hours ago
Bridgette Villamor replied to Bridgette Villamor's discussion Tip for Short Sale
"So they basically send in the authorization to be able to speak on behalf of seller to help figure out what the delay or problem is in the process.  In my opinion the lender/servicer probably can't believe they're calling them either…"
17 hours ago
Johnny Escobar replied to Bridgette Villamor's discussion Tip for Short Sale
"Wow, that's incredible.  I guess I still can't believe that a senator's office would get involved in a residential short sale.  Do you know what exactly they did, other than just saying "Hey, this is Senator Dean…"
17 hours ago
Johnny Escobar replied to Johnny Escobar's discussion Servicer setting closing date BEFORE approval?
"Thank you. Your comment prompted me to do some additional digging, and I found that the seller was served a lis pendens in August 2016.  I was able to find additional court records showing that the bank is trying to foreclose on them, with the…"
23 hours ago
Profile IconSylvain Dupont, Rachel Thull, Peter Thomas and 1 more joined Short Sale Superstars
23 hours ago
Guerry Clegg commented on Stephanie Lim's group FHA - HUD Short Sales
"Got that. So, if a PC is say $2,000 and the seller is eligible for relo assistance, then I guess the seller would receive $1,000. Is that right? Either way, this seller cost would be $3,000 or more, depending on the amount of the PC, so it looks…"
yesterday
Kevin - Greenville, SC commented on Stephanie Lim's group FHA - HUD Short Sales
"The owner-occupant mortgagor may apply the $3,000 consideration to resolve junior liens and to offset the sales transaction costs not paid by HUD (including a home warranty plan fee, costs of optional repairs, and buyer’s closing…"
yesterday
Guerry Clegg commented on Stephanie Lim's group FHA - HUD Short Sales
"That makes sense."
yesterday
Kevin - Greenville, SC commented on Stephanie Lim's group FHA - HUD Short Sales
"The Pc is considered a jr. lien so any relocation $$ would go to those first."
yesterday
Guerry Clegg commented on Stephanie Lim's group FHA - HUD Short Sales
"In Mortgagee Letter 2013-23, the only disqualification for the $3k relo money that I see (assuming the seller has not already relocated) is sellers required to make a cash reserve contribution. Then the wording was updated in ML 2014-15. But maybe…"
yesterday
Guerry Clegg commented on Stephanie Lim's group FHA - HUD Short Sales
"You are probably right. I have not encountered one with a partial claim and relo assistance. Again, the Sales Contract Review would spell out why it was denied -- if the denial came from HUD. "
yesterday
Alexis Adams commented on Stephanie Lim's group FHA - HUD Short Sales
"Guerry - I did not think a homeowner qualified for the 3K relocation if there is a HUD partial claim. "
yesterday
Guerry Clegg commented on Stephanie Lim's group FHA - HUD Short Sales
"I agree with Brett. I would also ask to see the Sales Contract Review (HUD-90051). The seller should be given a copy of the ATP and Sales Contract Review. Looking at the numbers, though, if the seller qualifies for the $3,000 relocation assistance,…"
yesterday
Brett Goldsmith commented on Stephanie Lim's group FHA - HUD Short Sales
" Is the home in foreclosure? I'd open up a ticket."
yesterday
Jim Stewart commented on Stephanie Lim's group FHA - HUD Short Sales
"I just had a short sale denied by Wells. Wells told me the FMV was 181500 and asked me to price it according.  Offer was $172000.  Net including full payoff of a HUD partial claim was well within the 88% guideline but Wells said HUD denied…"
yesterday
Jim Stewart replied to Mike Rosania's discussion FHA short sale with Partial Claim in the group FHA - HUD Short Sales
"I just had one denied by Wells. Wells told me the FMV was 181500 and asked me to price it according.  Offer was $172000.  Net including full payoff of the partial claim was well within the 88% guideline but Wells said HUD denied the…"
yesterday
 
 
 

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