"They work files the traditional method outside of equator and representative should be able to utilize email. The short sale sounds pretty cut and dry if the 1st is made whole and the 2nd is shorted. It will all come down to the 2nd's position…"
Hello, I am taking on a new listing where the lender is PNC on both mortgages. Just curious if anyone has worked with PNC Heloc short sale department and their advise.... On the first mortgage I can make that whole but the 2nd mortgage I would need…See More
"Frank, did you get this resolved? I'm new to Superstars and I would interpret "seller" to be Wells Fargo as no borrower should have to pay out any money, however having said that maybe its allowed in your State?
"The seller's attorney ABSOLUTELY has to disclose a fee. I would look up lawyer fees and disclosure in your state and slap them back with it. You have no obligation to even pay the $1000. I would call the BAR association in…"
"the attorney for judgement lien can ask for what ever they want in order to settle the debt. HAFA would have no issue if you used part of the commission to settle the lien. The only issue HAFA may have is if the relocation funds were used to settle…"
"It will depend on who the investor is, but it sounds like a valid hardship as he is facing imminent default and relocation. I'd submit it Ocwen for review.
"If it's HAFA, then they'll pay a 6% commission. That doesn't mean some lien holder can't ask for a piece of it, or that you can't do it. But, I believe HAFA has a reg that no one can contribute more to the junior lien than…"
HI,I HAVE AN ACTIVE MILITARY SELLER WHO IS CURRENT ON HIS MORTGAGE. HE HAS BEEN ASSIGNED TO ALABAMA FOR THE PAST 2.5 YEARS & RENTED THE HOME UNTIL 2 MONTHS AGO. TENANT HAS MOVED.HE HAS NOW RECEIVED A PCS (PERMANENT CHANGE OF SERVICE) TO GERMANY…See More
"I don't have the information you are looking for at hand, but HAFA securing a 6% listing is for mortgage lien holders who participate in HAFA. A creditor for a judgment likely does not participate in HAFA so it likely holds no bearing.
Hello - I have a lien/judgment and the attorney is asking us to reduce our commission to payoff the lien. I am looking for the HAFA regulations that gives 6% commission with no concessions. I have searched and could not find a copy of the…See More
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