I am working on a HAFA short sale where SPServicing is the first and BofA is the second. The short sale was initiated through equator and the review process began.Yesterday I got an email from the negotiator assigned to the file and he tells me…See More
"If the law is extended, they are covered.
If the law is not extended, they are not. Sellers need to talk to a CPA regarding the Insolvency test (IRS publication 982) to see what, if anything, they may owe."
"Florida Fast Track Foreclosure....since its implementation have you noticed if the timeline is actually shorter than before? I just saw one today, lis pendens filed in April 2013 and foreclosed August 2013. That's 4 months!
"If the other people are on title but not on the loan fine but, if they are on the loan, I wouldn't have them removed from title. The approving lender will require all parties on the loan (Whether they are on title or not) to be on the short…"
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