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CALIBER HOME LOANS

Started by OFELIA SIERRA in Short Sale Discussions. Last reply by Brett Goldsmith Sep 24. 3 Replies

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Started by Bill Garrett in Short Sale Discussions. Last reply by Ben Benita Oct 9. 2 Replies

 

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Tony Morales replied to ash lomont's discussion SPS 2nd mortgage in the group SPS Select Portfolio Servicing, inc
"I just got off the phone with Freddie Mac who stated that is their guideline  but then said that the servicer can ask fort an exception. Then I called my contact at Wells Fargo as they service FM loans too. he stated FM will always decline a…"
Oct 24
Brett Goldsmith replied to ash lomont's discussion SPS 2nd mortgage in the group SPS Select Portfolio Servicing, inc
"ch 7's don't typically discharge mortgage liens, that's typically a motion when someone does a ch 13 and is going for a discharge. I feel like we may have gotten an exception from Freddie Mac  or Fannie Mae once to allow…"
Oct 24
ash lomont replied to ash lomont's discussion SPS 2nd mortgage in the group SPS Select Portfolio Servicing, inc
"HI guys thanks for your input. The 1st is owed way more than the property is worth so the 2nd will not get any $$$. I have worked on this deal for a year we have escalated and filed complaints with Consumer finance protection bureau and Omsbudsman…"
Oct 24
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Brett Goldsmith replied to ash lomont's discussion SPS 2nd mortgage in the group SPS Select Portfolio Servicing, inc
"Tony, just because a 1st is foreclosing does not mean a second will get 0 at foreclosure. This depends on amounts owed vs what the home sells for at auction."
Oct 24
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