"Great, that's really all you can do in this scenario. One step in the right direction.
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Need response quickly from Bayview Loan Servicing
Started by Garey Keathley in Short Sale Discussions. Last reply by Brett Goldsmith 3 hours ago. 3 Replies 0 Likes
How is everyone getting leads and building their pipeline?
Started by Luther Fisher in Short Sale Discussions. Last reply by Ben Benita Oct 18. 6 Replies 0 Likes
Short Sale with a Home Equity line as a second lien holder
Started by Edily Garcia in Short Sale Discussions. Last reply by Ben Benita Oct 9. 4 Replies 0 Likes
CALIBER HOME LOANS
Started by OFELIA SIERRA in Short Sale Discussions. Last reply by Brett Goldsmith Sep 24. 3 Replies 0 Likes
Can the IRS $500,000 allowable net proceeds for a married couple from primary residence be used to offset 1099C income from a short sale?
Started by Pat Hood in Short Sale Discussions. Last reply by Pat Hood Sep 12. 4 Replies 0 Likes
QUICKEN
Started by Bill Garrett in Short Sale Discussions. Last reply by Ben Benita Oct 9. 2 Replies 0 Likes
Does additional Buyer contribution to junior lien need to show on first lien's approval letter?PLUS the HUD?
Started by Pat Hood in Short Sale Discussions. Last reply by Pat Hood Aug 17. 2 Replies 1 Like
OCWEN NIGHTMARE!!!!! WONT initiate a file it is an Estate! And now put it on auction list!
Started by Elliot Ambalo in Short Sale Discussions. Last reply by Brett Goldsmith Jul 25. 3 Replies 1 Like
Preliminary Seller's Disclosure Form Rejection: Bad Math or A Bank Negotiating Tactic
Started by Julian Cover in Short Sale Discussions. Last reply by Smitty May 28. 2 Replies 1 Like
Short pay off with ocwen & Shellpoint / shell point
Started by Elliot Ambalo in Short Sale Discussions. Last reply by Smitty May 28. 4 Replies 1 Like
Blog Posts
Looking for florida Lic agent in Orange county
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Short Sale with HERO Assessment
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Sorry.....There's Just No Such Thing As A Great "But"!!!
Posted by Ben Benita on January 28, 2018 at 5:30pm 0 Comments 0 Likes
Nationstar is now Mr. Cooper!
Posted by Brett Goldsmith on September 12, 2017 at 8:45am 1 Comment 1 Like
HUD lien junior to the first mortgage.
Posted by Edward Goldfarb on July 18, 2017 at 1:47pm 4 Comments 0 Likes
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Latest Activity
Brett Goldsmith replied to Garey Keathley's discussion Need response quickly from Bayview Loan Servicing
Garey Keathley replied to Garey Keathley's discussion Need response quickly from Bayview Loan Servicing"Thank you, Brett. They are entertaining a value dispute. They are postponing the foreclosure while they decide.
I appreciate your input."
Brett Goldsmith replied to Garey Keathley's discussion Need response quickly from Bayview Loan Servicing"Did they confirm they would entertain a value dispute? Seller should be consulting with an attorney potentially about BK if Bayview won't postpone. Very possible they won't want to postpone with a value 200k higher and non approved offer."
Russ Trinidad replied to Russ Trinidad's discussion Messy Foreclosure defense. 4 liens on property! in the group NationStar Mortgage"Very sound advice. Although I like a good challenge, this one might be more then I can chew. Thanks everyone! "
ElizabethWeintraub00697006LyonRE replied to Russ Trinidad's discussion Messy Foreclosure defense. 4 liens on property! in the group NationStar Mortgage"My initial reaction is I would not touch this. I imagine the lawyer did not comply with the California Home Sales Equity Act as required when a property is in foreclosure and most likely did not give the owner adequate paperwork to sign nor respect…"
Brett Goldsmith replied to Russ Trinidad's discussion Messy Foreclosure defense. 4 liens on property! in the group NationStar Mortgage"The biggest challenge is the 3rd and 4th lien due to non borrower cooperation. If the "friend" is the borrower of the 3rd and 4th then they likely need to provide financials and/or sign off on those short sale approval letters. Without…"
Brett Goldsmith replied to Russ Trinidad's discussion Messy Foreclosure defense. 4 liens on property! in the group NationStar Mortgage"When a mortgage debt is discharged through a ch 7 the lien still remains on title. If the lien is on the property then the debt must be settled to release the lien from the property. Typically ch 7 do not strip subordinate liens. If it was a ch 13…"
Russ Trinidad replied to Russ Trinidad's discussion Messy Foreclosure defense. 4 liens on property! in the group NationStar Mortgage"Thank you all for your comments and guidance. I know the "Friend" is no longer reachable. My client (Seller) has tried to contact them to help get it straighten out but to no avail.
As far as the title changing from person to…"
Thom Colby CA Brkr 888-391-5245 replied to Russ Trinidad's discussion Messy Foreclosure defense. 4 liens on property! in the group NationStar Mortgage"When the property was Quit Claimed to the "friend / tenant" did the owner sign that Quitclaim Deed? I think the bigger concern with this transaction will be Fraud - specifically Mortgage Fraud, Fraud for Housing, etc. If the seller…"
Elliot Ambalo replied to Russ Trinidad's discussion Messy Foreclosure defense. 4 liens on property! in the group NationStar Mortgage"Russ,
Brett brought up a very important factor that I forgot to mention. You need the cooperation of the "friend" otherwise how will you get authorization to the servicing company?
Brett, "A ch 7 won't make it so you don't…"
Brett Goldsmith replied to Russ Trinidad's discussion Messy Foreclosure defense. 4 liens on property! in the group NationStar Mortgage"Russ, you need to settle all liens on title. You likely need the "friend" to cooperate if they are the one who pulled out the other notes and the servicers may need their financials. I'd be exploring that before spending too much on…"
Brett Goldsmith replied to Greg Kristy's discussion Short Sale -> Short Pay in the group SPS Select Portfolio Servicing, inc"Deal won't get done if they don't sign. What are they scared of? Are they related to seller or do they have a business relationship?"
Brett Goldsmith commented on Wendy Rulnick's group Chase"@nicole who is the investor/insurer on the loan? What is the delinquency and is it a FHA loan?"
Elliot Ambalo replied to Russ Trinidad's discussion Messy Foreclosure defense. 4 liens on property! in the group NationStar Mortgage"First of all is the property worth it to roll your sleeves up to do all this work? Because from what you are mentioning, this wont be that simple.
Yes & No, on the short sale applications from Mr. Cooper & the standard 710 & RMA asks if…"
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