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I'm caught in the FHA Waterfall!

Started by Kevin Glee in Short Sale Discussions. Last reply by Kevin Glee 2 hours ago. 2 Replies

Pennymac frustration

Started by Harold Mayo in Short Sale Discussions. Last reply by Harold Mayo Apr 27. 2 Replies

USAA -need help!

Started by Wendy Martin in Short Sale Discussions. Last reply by Wendy Martin Apr 22. 3 Replies

2nd lien holder CHASE DENIED short sale

Started by Steve prashad in Short Sale Discussions. Last reply by Catherine Gheen Apr 19. 5 Replies

No probate situation

Started by Luther Fisher in Short Sale Discussions. Last reply by Luther Fisher Apr 15. 4 Replies

Deutsche Bank National Trust Co

Started by Steven S in Short Sale Discussions. Last reply by Brett Goldsmith Mar 28. 1 Reply

Wells Fargo FHA Appraisal

Started by Joanne Finochio in Short Sale Discussions. Last reply by Joanne Finochio Mar 25. 2 Replies

 

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Latest Activity

Kevin Glee replied to Kevin Glee's discussion I'm caught in the FHA Waterfall!
"Hi Brett, thank you for your reply. The variance was denied; however I may have found a way. I neglected to tell anyone(I didn't realize its importance) that I am PCSing as a US Government Employee in June. When I notified the FHA National…"
2 hours ago
Brett Goldsmith replied to Kevin Glee's discussion I'm caught in the FHA Waterfall!
"So if you don't accept the modification or get a variance they won't let you into a short sale. I've seen borrowers who have accepted the modification and got denied due to being unable to afford the trail plan payments or modified…"
2 hours ago
Kevin - Greenville, SC commented on Wendy Rulnick's group Wells Fargo Short Sales
"both were in active foreclosure prior to an ATP."
3 hours ago
Kevin - Greenville, SC commented on Wendy Rulnick's group Wells Fargo Short Sales
"I didn't realize you were with WF. I just got two approved from two different servicer's the other day after I had FHA NSC intervene."
3 hours ago
Chad Gelsinger commented on Wendy Rulnick's group Wells Fargo Short Sales
"Kevin, typically the only times we can get the 84% approved is if there is an ATP. If there is an Active Foreclosure prior to the ATP, the minimum net proceeds needs to be 88%. Did you have a generic ATP or was it buyer specific? Who…"
3 hours ago
Kevin - Greenville, SC commented on Wendy Rulnick's group Wells Fargo Short Sales
"Chad Gelsinger, not necessarily... just got 2 approved at 84%. IF the seller is in "active foreclosure", you must meet the 88% net proceeds. There will be no reductions in the net proceeds. "
3 hours ago
Kevin - Greenville, SC commented on Wendy Rulnick's group Wells Fargo Short Sales
" Ismael Medina, have you escalated this issue?"
3 hours ago
Ismael Medina commented on Wendy Rulnick's group Wells Fargo Short Sales
"Does anybody know how to handle a Turn Down for an FHA short sale of a property that at one point was a Mixed use and now is 100% Commercial? I was Turned Down for a Short Sale because Wells Fargo says that the property is now 100% Commercial and…"
6 hours ago
Ismael Medina commented on Wendy Rulnick's group Wells Fargo Short Sales
"Does anybody know how to handle a Turn Down for an FHA short sale of a property that at one point was a Mixed use and now is 100% Commercial? I was Turned Down for a Short Sale because Wells Fargo says that the property is now 100% Commercial and…"
6 hours ago
Ismael Medina replied to Tom Tock's discussion Denial on variance from FHA. What is my next step? in the group FHA - HUD Short Sales
"Does anybody know how to handle a Turn Down for an FHA short sale of a property that at one point was a Mixed use and now is 100% Commercial? I was Turned Down for a Short Sale because Wells Fargo says that the property is now 100% Commercial and…"
6 hours ago
Desmond Sinclair joined Wendy Rulnick's group
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Green Tree / Ditech

All about Green Tree short sales.See More
7 hours ago
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14 hours ago
Kevin Glee posted a discussion

I'm caught in the FHA Waterfall!

I have an ongoing saga that I will try to sum up briefly, and end with a few questions.I bought an FHA backed home in Baltimore in 2009 as a young professional, thinking I was making a good financial decision. I lived in the property for five years,…See More
yesterday
Julie Lyons replied to Lisa Jackson's discussion Two Separate Files BOA never receives any documents in the group Bank of America Short Sales
"Yes, Had the same exact thing happen to me!!!  I sent a short sale pkg on 3/28 to Jaxheloc email address and got a confirmation of receipt.  The negotiator was only forwarded part of the file and asked me on 4/12 for the exact same docs,…"
Monday
Lisa Jackson replied to Lisa Jackson's discussion Two Separate Files BOA never receives any documents in the group Bank of America Short Sales
"Thanks I will"
Monday
Profile IconKevin Glee, Theresa Riggs and Sandi Head joined Short Sale Superstars
Monday
 
 
 

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