"I assume you mean it's a credit from the Buyer's lender, on the buyer side. Used to be called the Yield Spread Premium, a rebate given to the buyer for accepting a slightly higher interest rate....1/8 to 1/4% higher rate equals a 1-2%…"
When I first started processing short sale files, there was a problem. It was too cumbersom and there was no fluidity. Sure there is Equator but that is just a tool. I needed a system, a short sale processing ecosystem. Now I have it and my…See More
This isn't necessarily a short sale question. However, I see a very suspect line item on my seller's HUD1.It's a "Lender Promotional Credit" and when financing fees are added up with this credit, it conveniently equals EXACTLY our maximum concession…See More
"PHONE NUMBER UP THE FOOD CHAIN????
Anyone have a name, phone number, email or other info someone with a pulse up the food chain at Flagstar. I am having a very difficult time getting a file with Flagstar on track, let alone getting…"
"Don't know if this helps, but it is the only deed reference in the approval letter we received on the $66,000 FHA M&T short sale of a condo in Baltimore County, MD.
5. The deed conveying the property to the purchaser must be amended in…"
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