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Short Sale Negotiator Fraud
Started by Tony Morales in Short Sale Discussions. Last reply by Smitty on Tuesday. 3 Replies 0 Likes
POLL: Wet signatures still required?
Started by Smitty in Short Sale Discussions. Last reply by Brett Goldsmith Nov 22. 1 Reply 0 Likes
SHORT SALE EXTENSION REQUEST DENIED **** HELP***
Started by Adriana Garcia in Short Sale Discussions. Last reply by Smitty on Wednesday. 14 Replies 0 Likes
SUGGESTIONS FOR LIZ PENDENS MAIL OUTS
Started by Donal Dowling in Short Sale Discussions Oct 10. 0 Replies 0 Likes
NBKC
Started by Elizabeth Ramsey in Short Sale Discussions Oct 7. 0 Replies 0 Likes
Where can we report to Chase the unprofessional treatment their clients are been subjected with SPS
Started by Janeth Rector in Short Sale Discussions. Last reply by Smitty Oct 9. 5 Replies 0 Likes
Fay Servicing Escalation Contact
Started by Brett Goldsmith in Short Sale Discussions Sep 4. 0 Replies 0 Likes
NOVAD and HUD with reverse mortgage
Started by Lili Youngblood in Short Sale Discussions. Last reply by Lili Youngblood Aug 14. 2 Replies 1 Like
FHA Investment property Short Sale Options?
Started by Ryan Braunagel in Short Sale Discussions. Last reply by Brett Goldsmith Jul 29. 1 Reply 0 Likes
Kondaur Capital not accepting a short sale
Started by Catherine Gheen in Short Sale Discussions. Last reply by Donna Giaccio Jul 29. 2 Replies 0 Likes
Blog Posts
SPS / Chase Backed Asset
Posted by Brett Goldsmith on October 31, 2019 at 8:08am 1 Comment 0 Likes
Short Sale Questions Or Help?
Posted by Brett Goldsmith on July 15, 2019 at 3:34pm 0 Comments 0 Likes
Looking for florida Lic agent in Orange county
Posted by Nina Jihee Yoo, CDPE on July 31, 2018 at 6:27pm 0 Comments 0 Likes
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Freedom Mortgage
This group is for information, tips and solutions for Freedom Mortgage short sales.Main number 800.274.6600See More
Smitty replied to Adriana Garcia's discussion SHORT SALE EXTENSION REQUEST DENIED **** HELP***"FHA sales take longer, but I don't know SPS to service FHA sales."
Smitty replied to Adriana Garcia's discussion SHORT SALE EXTENSION REQUEST DENIED **** HELP***"Well, what we did was pull all sales in the county from list until CLOSING which wasn't easy info to find, because on our MLS it only lists from list until UA. So we found that traditional sales took an average of 100 days from LIST…"
Fay Servicing
Customer Service 800-495-7166Short Sale Fax No. 312-509-4794Fay Servicing RMA and 3rd Party ApplicationSee More
Smitty replied to Tony Morales's discussion Short Sale Negotiator Fraud"Not necessarily true. Freddie and Fannie did not allow third party negotiation fees until recently. I believe this year. Somewhere around 2013 - 2015 they prohibited 3rd party negotiation fees out of proceeds. I believe it…"
"Had they disclosed that they were asking for a credit and that credit was going for short sale negotiations then the bank would decline. Paying out of commissions has always been acceptable as it is not an additional loss "
"Interesting. What if they could argue that "we did have enough time" What do you feel the results would of been then? I had two approved short sales die because of this guideline when the buyers fell through."
Smitty replied to Adriana Garcia's discussion SHORT SALE EXTENSION REQUEST DENIED **** HELP***"JUST FYI we had this happen on our files. Complained to cfpb and SHOWED them that it was impossible to list, get under contract and sell a short sale in the time SPS allotted. Also sent to AG's office. Now all four files are being…"
Smitty replied to Tony Morales's discussion Short Sale Negotiator Fraud"The FRAUD occurred because he didn't disclose what he was doing. Fannie mae actually states that a third party negotiator can be paid out of commissions. This guy was also transfixing HUDS etc. SO there is more to the…"
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