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Latest Activity

Wendy Rulnick commented on Stephanie Lim's group FHA - HUD Short Sales
"Greetings, Bill! From the land of open beaches and open gyms!  I did see your comments and I have not encountered such an FHA situation, I'm sorry to say.  I don't see any shot, but think Brett has given you good advice!"
May 18
Bill Garrett commented on Stephanie Lim's group FHA - HUD Short Sales
"Hello, Wendy.  I hope you're doing well down there in the land of sun and socially-distanced fun.    Did you see my earlier comments about the FHA owner, past due for 7+ years?   Have you ever seen FHA approve a…"
May 18
Wendy Rulnick commented on Stephanie Lim's group FHA - HUD Short Sales
"I agree with Brett's timeline below."
May 18
Brett Goldsmith commented on Stephanie Lim's group FHA - HUD Short Sales
"I think that people who remain unemployed will be screwed and that many o thers who get pay cuts will run into trouble when it comes to a repayment plan or loan modifications. I feel many people who's income go back to normal likely will face…"
May 14
Bill Garrett commented on Stephanie Lim's group FHA - HUD Short Sales
"@Brett  Thanks for the feedback. Your comments affirm what I've experienced with FHA.  Often a challenge navigating the one-size-fits-all rules written by faceless Federal bureaucrats.  I'm not optimistic on this file, but…"
May 13
Brett Goldsmith commented on Stephanie Lim's group FHA - HUD Short Sales
"You'd need to reach out to a HUD representative If you don't know any you can email then you need to open a ticket at NOVAD to have one reach out to you. The general concept is that once it's 40 months past due that it's a hard…"
May 13
Bill Garrett commented on Stephanie Lim's group FHA - HUD Short Sales
"@Brett & @Guerry.   I normally steer away from any FHA file that's this far past due, but didn't know if the military serviceman wrinkle might allow a more favorable result.   Any suggestions for getting some…"
May 13
Brett Goldsmith commented on Stephanie Lim's group FHA - HUD Short Sales
"@Bill, most reps are unaware of that guideline. HUD will decline this file when a variance to open the PFS program is submitted. Never seen a variance for the 40month rule once it began to be enforced. The file is likely a waste of time and this…"
May 13
Guerry Clegg commented on Stephanie Lim's group FHA - HUD Short Sales
"HUD should approve if everything else lines up. Net, contract terms, etc."
May 12
Bill Garrett commented on Stephanie Lim's group FHA - HUD Short Sales
"LAST PAYMENT 7 YEARS AGO.... I have an owner relocated by the military seven years ago, thereby forced to move from his home with the FHA mortgage. The mortgage servicer (Selene Financial) suggested he now apply for a short sale.   My…"
May 12
VIVEK KRISHNANI is now a member of Short Sale Superstars
May 12
Smitty replied to Vantis Law Firm's discussion Nationstar’s Fraudulent Price Validation Program (Xome.com)
"Hi Vantis, we've never had to go through the XOME program as our MLS does NOT allow us to give up control of the listing to any other platform.  Basically we cannot advertise XOME properties on mls.  Once we were able to send this…"
May 11
 
 
 

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