All Discussions Tagged 'mortgage' - Short Sale Superstars2024-03-29T10:34:13Zhttp://shortsalesuperstars.com/forum/topic/listForTag?tag=mortgage&feed=yes&xn_auth=noFinancial Freedom HECMtag:shortsalesuperstars.com,2016-10-05:3468065:Topic:3802532016-10-05T20:17:13.671ZSteve prashadhttp://shortsalesuperstars.com/profile/Steveprashad
<p>Hello All-</p>
<p><br/>I see a few threads about doing a short sale with reverse mortgages.</p>
<p></p>
<p>Has anyone had luck with closing a short sale with Financial Freedom with a reverse mortgage?</p>
<p></p>
<p>Also, anyone have an escalation contact that they deal with? I am having poor communication with the person handling my file at Financial Freedom.</p>
<p></p>
<p>Thanks in advance!</p>
<p></p>
<p></p>
<p>Hello All-</p>
<p><br/>I see a few threads about doing a short sale with reverse mortgages.</p>
<p></p>
<p>Has anyone had luck with closing a short sale with Financial Freedom with a reverse mortgage?</p>
<p></p>
<p>Also, anyone have an escalation contact that they deal with? I am having poor communication with the person handling my file at Financial Freedom.</p>
<p></p>
<p>Thanks in advance!</p>
<p></p>
<p></p> HOA Foreclosed and sold at auction to a bidder. Now Mtg must be satisfied to clear title?tag:shortsalesuperstars.com,2015-02-04:3468065:Topic:3623002015-02-04T19:31:08.662ZAngela Blackmanhttp://shortsalesuperstars.com/profile/AngelaBlackman
<p style="margin: 0in 0in 0pt;"><span style="color: #1f497d; font-family: 'Calibri','sans-serif'; font-size: 11pt;">My husband and I have been Realtors and investors for the past 8 years in Ocala and just move to Tampa last year.</span> <span style="color: #1f497d; font-family: 'Calibri','sans-serif'; font-size: 11pt;">I have specialized in short sales for most of the last 8 years, and was just approached by an investor to do a short sale with different circumstances.…</span></p>
<p style="margin: 0in 0in 0pt;"><span style="color: #1f497d; font-family: 'Calibri','sans-serif'; font-size: 11pt;">My husband and I have been Realtors and investors for the past 8 years in Ocala and just move to Tampa last year.</span> <span style="color: #1f497d; font-family: 'Calibri','sans-serif'; font-size: 11pt;">I have specialized in short sales for most of the last 8 years, and was just approached by an investor to do a short sale with different circumstances.</span></p>
<p style="margin: 0in 0in 0pt;"><span style="color: #1f497d; font-family: 'Calibri','sans-serif'; font-size: 11pt;">Has anyone in the group had experience with the following:</span></p>
<p style="margin: 0in 0in 0pt;"><span style="color: #1f497d; font-family: 'Calibri','sans-serif'; font-size: 11pt;">Investor purchased property at a tax deed sale, or where an investor purchased a <u>foreclosure at auction and the Plaintif was the HOA</u>? </span></p>
<p style="margin: 0in 0in 0pt;"><span style="color: #1f497d; font-family: 'Calibri','sans-serif'; font-size: 11pt;">The catch is- <u>These properties still have an active 1<sup>st</sup> mtg lien</u>, so the lender must agree to release the property for less than what is owed <u>to the new owner/investor</u>.</span></p>
<p style="margin: 0in 0in 0pt;"><span style="color: #1f497d; font-family: 'Calibri','sans-serif'; font-size: 11pt;">I heard there was a way to approach the actual lender/investor instead of going through the servicer to get the mortgage negotiated and paid off.</span></p>
<p style="margin: 0in 0in 0pt;"><span style="color: #1f497d; font-family: 'Calibri','sans-serif'; font-size: 11pt;">Looking for advice on how to approach this so the new owner/investor has a clear title.</span></p>
<p style="margin: 0in 0in 0pt;"><span style="color: #1f497d; font-family: 'Calibri','sans-serif'; font-size: 11pt;"> </span></p>
<p style="margin: 0in 0in 0pt;"><span style="color: #1f497d; font-family: 'Calibri','sans-serif'; font-size: 11pt;">Thanks for any help,</span></p>
<p></p> 1099 Investor HAFA short sale May 2013 with OCWEN - Please help.tag:shortsalesuperstars.com,2014-01-30:3468065:Topic:3432812014-01-30T21:19:03.912ZRuss Trinidadhttp://shortsalesuperstars.com/profile/RussTrinidad
<p style="margin: 0in 0in 0pt;"><font face="Calibri" size="3">I closed an Investor HAFA short sale May 2013 with OCWEN. It was approved HAFA because the seller is a retired Military Vet. The sellers just received a 1099 for $100k for the principal short amount. I thought 2013 had Tax relief for canceled mortgage debt? Please help.</font></p>
<p></p>
<p style="margin: 0in 0in 0pt;"><font face="Calibri" size="3">I closed an Investor HAFA short sale May 2013 with OCWEN. It was approved HAFA because the seller is a retired Military Vet. The sellers just received a 1099 for $100k for the principal short amount. I thought 2013 had Tax relief for canceled mortgage debt? Please help.</font></p>
<p></p> Chase won't approve Short sale (Mtg not 60 days Late)tag:shortsalesuperstars.com,2014-01-27:3468065:Topic:3426592014-01-27T22:47:40.166ZIcesis Cruzhttp://shortsalesuperstars.com/profile/IcesisCruz
<p>Chase won't approve a short sale that Im working on in Maryland because the MI Company Raidian said the mortgage has to be 60 days late. What can I do. They declined it at the last minute. What can I do? Who Can I call. I called radian with the homeowner on the phone. Raidian said they could not give any information on the MI policy because Chase is their client. Help Please!</p>
<p>Chase won't approve a short sale that Im working on in Maryland because the MI Company Raidian said the mortgage has to be 60 days late. What can I do. They declined it at the last minute. What can I do? Who Can I call. I called radian with the homeowner on the phone. Raidian said they could not give any information on the MI policy because Chase is their client. Help Please!</p> Anybody have info, or any update on possible extension of the Mortgage Debt Forgiveness Act?tag:shortsalesuperstars.com,2014-01-25:3468065:Topic:3428462014-01-25T22:53:50.051ZJanna Rankin Scharfhttp://shortsalesuperstars.com/profile/JannaRankinScharf
<p>I have not been able to find anything about the status of this bill which was said to have been stalled in committee prior to the holiday break. Does anyone have a current status update?</p>
<p>I have not been able to find anything about the status of this bill which was said to have been stalled in committee prior to the holiday break. Does anyone have a current status update?</p> Mortgage Debt Forgiveness Act Extension?tag:shortsalesuperstars.com,2013-11-05:3468065:Topic:3367752013-11-05T14:51:11.105ZMegan Brookshttp://shortsalesuperstars.com/profile/MeganBrooks
<p>Could January 1st, 2014 really be the end of it? Anyone have any insight? I looked on the status of the bill and it says only a 1% chance of getting passed. This is unsettling. Thoughts/comments/ect. </p>
<p></p>
<p></p>
<p>Could January 1st, 2014 really be the end of it? Anyone have any insight? I looked on the status of the bill and it says only a 1% chance of getting passed. This is unsettling. Thoughts/comments/ect. </p>
<p></p>
<p></p> Who is Fay Servicing? Citi transferred to Faytag:shortsalesuperstars.com,2013-08-14:3468065:Topic:3282532013-08-14T05:14:31.609ZPacita C Dimacalihttp://shortsalesuperstars.com/profile/PacitaCDimacali
<p>From a colleague, she asked:</p>
<p></p>
<p>"If anyone has any input working with Fay servicing I would love to hear it! Got a curve ball today from Citi that first was “transferred to Fay servicing” and a refusal to give me any information. Citi stated the borrower would hear from Citi bank within 14 days…?...Is this a start from zero situation, a deep black hole, a light possibly at the end of the tunnel…any input would be greatly appreciated"</p>
<p>Thought I'd forward her question in…</p>
<p>From a colleague, she asked:</p>
<p></p>
<p>"If anyone has any input working with Fay servicing I would love to hear it! Got a curve ball today from Citi that first was “transferred to Fay servicing” and a refusal to give me any information. Citi stated the borrower would hear from Citi bank within 14 days…?...Is this a start from zero situation, a deep black hole, a light possibly at the end of the tunnel…any input would be greatly appreciated"</p>
<p>Thought I'd forward her question in case someone has some info to share.</p> Will The Mortgage Forgiveness Debt Relief Act Be Extended Past This Year?tag:shortsalesuperstars.com,2013-01-08:3468065:Topic:2888952013-01-08T21:53:44.052ZPeter J Kimhttp://shortsalesuperstars.com/profile/PeterJKim
<p>Hello short sale experts!</p>
<p>Wanting to get some opinions on the extension of the mortgage forgiveness debt relief act beyond 2013. Although we were able to avert the fiscal cliff last week, the large federal deficit calls for more budget battles ahead. The 1.3B dollar loss from the extension of this act may be a provision unable to survive through the next FY.</p>
<p>We may have a clearer picture in Feb. but what are your thoughts on this topic? Thanks!</p>
<p>Peter…</p>
<p></p>
<p>Hello short sale experts!</p>
<p>Wanting to get some opinions on the extension of the mortgage forgiveness debt relief act beyond 2013. Although we were able to avert the fiscal cliff last week, the large federal deficit calls for more budget battles ahead. The 1.3B dollar loss from the extension of this act may be a provision unable to survive through the next FY.</p>
<p>We may have a clearer picture in Feb. but what are your thoughts on this topic? Thanks!</p>
<p>Peter</p>
<p><a href="http://www.seattleshortsaleblog.com" target="_blank">www.seattleshortsaleblog.com</a></p> There is light at the end of the Tunneltag:shortsalesuperstars.com,2012-10-18:3468065:Topic:2731742012-10-18T21:56:26.297ZRichard Simpsonhttp://shortsalesuperstars.com/profile/RichardSimpson
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<p>Chances are, you or someone you know in Lawrenceville is facing the possibility of foreclosure. But you need to understand that <strong>you are not alone</strong>.</p>
<p>Today, 1 out of every 6 homeowners in America is behind on mortgage payments. These are tough and frustrating times. Now more than ever, it's important to…</p>
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<h1>Get your FREE Short Sale report here. </h1>
<p>Chances are, you or someone you know in Lawrenceville is facing the possibility of foreclosure. But you need to understand that <strong>you are not alone</strong>.</p>
<p>Today, 1 out of every 6 homeowners in America is behind on mortgage payments. These are tough and frustrating times. Now more than ever, it's important to identify your options. Foreclosure can be avoided, your credit can be saved, and your financial future can be salvaged.</p>
<p>Through my experience handling distressed properties at RE/MAX Alliance, I've found that homeowners today have more questions than answers about their circumstances. I have created this site to help you understand the possible solutions to foreclosure, as well as provide a detailed explanation of short sales, which may be the best course of action for some homeowners.</p>
<p>You may also have noticed that I'm offering you a <strong>FREE </strong>Report to explain your options and help you decide on a course of action. The idea of losing a home can be overwhelming, and I feel it is vital for you to have all the facts necessary to make an informed decision.</p>
<p>As an agent with the CDPE® Designation, I have a strong and unique appreciation of the factors affecting themarket, and know that there are options available to you.</p>
<p>If you would like to know more about your options, please call me at <span class="skype_pnh_container" dir="ltr"> <span class="skype_pnh_highlighting_inactive_common" dir="ltr"><span class="skype_pnh_textarea_span"><img class="skype_pnh_logo_img"/><span class="skype_pnh_text_span">(404) 919-7545</span></span></span></span>.</p>
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</div> Will The Junior Lienholders ACTUALLY Pursue A Homeowner With A Deficiency Judgment?tag:shortsalesuperstars.com,2012-10-17:3468065:Topic:2727522012-10-17T02:48:41.866ZPeter J Kimhttp://shortsalesuperstars.com/profile/PeterJKim
<p>I've been getting many inquiries from homeowners about what they can do if they lost their home to foreclosure and have a junior lienholder pursuing them with a deficiency judgment. I understand a chp 7 or 13 bankruptcy can alleviate this (although some don't qualify) but my question is,</p>
<p>How often do junior lienholders ACTUALLY pursue homeowners with a deficiency judgment? Any stories? advice? comments?</p>
<p></p>
<p>The purpose of knowing this is to help homeowners get a better…</p>
<p>I've been getting many inquiries from homeowners about what they can do if they lost their home to foreclosure and have a junior lienholder pursuing them with a deficiency judgment. I understand a chp 7 or 13 bankruptcy can alleviate this (although some don't qualify) but my question is,</p>
<p>How often do junior lienholders ACTUALLY pursue homeowners with a deficiency judgment? Any stories? advice? comments?</p>
<p></p>
<p>The purpose of knowing this is to help homeowners get a better understanding of all the negative effects a foreclosure has and to push them to do a short sale which, as I believe we can all agree, is the best exit strategy for homeowners :)</p>
<p>Would appreciate your comments!</p>
<p></p>
<p>Peter</p>
<p><a href="http://seattleshortsaleblog.com/" target="_blank">www.seattleshortsaleblog.com</a></p>