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Fnma requirement re deficiency judgement

Started by Alfred R Wetzel in Short Sale Discussions. Last reply by Bryant Tutas on Thursday. 5 Replies

HAFA Incentive to tenant

Started by Tony Morales in Short Sale Discussions. Last reply by Kevin - Greenville, SC Apr 21. 6 Replies

"APPROVED PRICE" smoke screen?

Started by sean dougherty in Short Sale Discussions. Last reply by sean dougherty Apr 20. 4 Replies

Waiting for Short Sale Approval

Started by Kelcie Grabill in Short Sale Discussions. Last reply by Kelcie Grabill Apr 20. 2 Replies

Replacing A Buyer That Walked

Started by Deshone Drummond in Short Sale Discussions. Last reply by Deshone Drummond Apr 17. 3 Replies

OCWEN

Started by Vicki Burr in Short Sale Discussions. Last reply by Brett Goldsmith Apr 9. 1 Reply

Seller getting $ in a short sale

Started by Marilyn D'Angelo in Short Sale Discussions. Last reply by Wayne Brooks Apr 13. 2 Replies

 

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This one comes up on almost every short sale I've had. The lender kicks back the fee for the closing protection letter. I get the feeling that since they have no idea what it is, they assume it's a junk fee.Frankly, given that the name sounds like…See More
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Brian Avery replied to Emma's discussion PLEASE HELP! I AM TRYING TO LOCATE THE SERVICER OF A 2ND LIEN BUT HAVE NO LUCK!
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Emma posted a discussion

PLEASE HELP! I AM TRYING TO LOCATE THE SERVICER OF A 2ND LIEN BUT HAVE NO LUCK!

I am working on a short sale where the first mortgage is serviced by Wells Fargo. The second loan has been recorded in 2005 with WMC Mortgage, and has not been assigned since then. The seller said the 2nd lien might also be with Wells Fargo. I've…See More
Thursday
Bryant Tutas replied to Alfred R Wetzel's discussion Fnma requirement re deficiency judgement
"I believe the seller can do the same thing. They would just have to bring the funds  to closing. Having the buyer pay is the simplest way. And remember of deals are financed the short sale lender will normally agree to 3% in buyer's…"
Thursday
Bryant Tutas replied to Alfred R Wetzel's discussion Fnma requirement re deficiency judgement
"if they can. I've had buyers pay $3,000 to the 2nd for a lien release only. FNMA only cares if the money is coming from the proceeds."
Thursday
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Alfred R Wetzel replied to Alfred R Wetzel's discussion Fnma requirement re deficiency judgement
"Are you saying the buyer provide the money necessary to make the 2nd relinquish its collateral?"
Thursday
 
 
 

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