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FHA - subordinate liens

Started by Jill Schappel in Short Sale Discussions. Last reply by Jill Schappel 12 hours ago. 2 Replies

Second Short Sale Same Seller

Started by Linda S. Cefalu in Short Sale Discussions. Last reply by Linda S. Cefalu on Friday. 5 Replies

Kondaur Capital

Started by Wendy Rulnick in Short Sale Discussions. Last reply by osbardo mejil on Thursday. 2 Replies

Thank you Short Sale Super Stars.

Started by Icesis Cruz in Short Sale Discussions. Last reply by Wendy Rulnick on Thursday. 4 Replies

M & T Bank

Started by Alfred R Wetzel in Short Sale Discussions. Last reply by Brett Goldsmith Oct 10. 1 Reply

Over inflated BPO with Chase

Started by Alex Kreuzwieser in Short Sale Discussions. Last reply by Alex Kreuzwieser Oct 6. 5 Replies

NEED PNC Contact

Started by Lori Young in Short Sale Discussions. Last reply by Lori Young Oct 4. 2 Replies

 

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Latest Activity

Kevin - Greenville, SC commented on Stephanie Lim's group FHA - HUD Short Sales
"95% is the gross not net."
11 hours ago
Carolyn Triebold, MS commented on Stephanie Lim's group FHA - HUD Short Sales
"Yes Kevin, you are correct.  It is an HECM, and HUD is the approving agency. Interestingly, they had our short sale approved when we had 92.65% of appraised value, but when the switch to NOVAD happened we had to go back for approval. …"
11 hours ago
Kevin - Greenville, SC commented on Stephanie Lim's group FHA - HUD Short Sales
"Carolyn, NOVAD doesn't issue approvals.  that would come from the Servicer.  you may have a HECM and those require an offer of 95% of the appraised value."
12 hours ago
Thom Colby CA Brkr 888-391-5245 replied to Jamie Susslin's discussion Call from Altisource in the group OCWEN
"Altisource and Ocwen are one and the same"
12 hours ago
Carolyn Triebold, MS commented on Stephanie Lim's group FHA - HUD Short Sales
"HELP!  We are struggling with the change over to NOVAD.  We had a HUD approval and were ready two weeks away from closing.  Buyer's FHA appraisal came in low $5,000 low.  We are now one week past our original closing…"
12 hours ago
Ellen Barbara replied to Jamie Susslin's discussion Call from Altisource in the group OCWEN
"As far as I know - Altisource is a part of Ocwen somehow - when my home was in the process of being sold - they unilaterally came in and posted notices that they were to be monitoring and overseeing the house for Ocwen.  I was still paying the…"
12 hours ago
Jill Schappel replied to Jill Schappel's discussion FHA - subordinate liens
"Thanks Brian. For some reason we were under the impression that if the lender accepted any payoff from HUD the deficiency is required to be waived.... but I could not find this is writing."
12 hours ago
Jamie Susslin added a discussion to the group OCWEN
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Call from Altisource

I have listed a short sale in CA for a home and received an offer which I am going to submit to Ocwen.  I spoke with their relationship management department today and they advised my of everything they will need for the short sale.  They also set…See More
12 hours ago
Jamie Susslin replied to Jamie Susslin's discussion Utility Liens in the group OCWEN
"Thanks!"
12 hours ago
Jamie Susslin replied to Jamie Susslin's discussion Utility Liens in the group OCWEN
"Thank you!"
12 hours ago
Brian Avery replied to Jill Schappel's discussion FHA - subordinate liens
"According to the ATP letters, subordinate liens are required to be released, but it does not say anything about going after a deficiency. "
13 hours ago
Jill Schappel posted a discussion

FHA - subordinate liens

I am looking for confirmation that subordinate liens are required to waive deficiency when accepting money from HUD/FHA.See More
15 hours ago
Larry Sarlo commented on James ferebee jr's group OCWEN
"Ocwen was just fines by the DOJ beacaue of back dating documents.   So any dated paperwork that differs would not surprise anyone.   What disgusts me is that if that were any of us we would be jailed, or license suspended. "
16 hours ago
Ellen Barbara commented on James ferebee jr's group OCWEN
"Thom,   Thanks for posting this - I have actually started putting together some of my papers  to close out my file and one of the things that appears repeatedly is that the documentation is dated minimally one to two weeks (sometimes MORE)…"
16 hours ago
Coretta Richmond joined James ferebee jr's group
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OCWEN

Ocwen short sale informationThis group is for information, tips and solutions for OCWEN short sales.See More
16 hours ago
Thom Colby CA Brkr 888-391-5245 commented on James ferebee jr's group OCWEN
17 hours ago
 
 
 

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