Mortgage Assigned to Fannie Mae. How do I initiate a short sale?
My client is hoping to short sell her home. In conducting the research I found that her mortgage was assigned by her lender - Amnet Mortgage, to Fannie Mae. I've never initiated a short sale directly with Fannie Mae. Can anyone advise?
Replies to This Discussion
-
Permalink Reply by Smitty on
-
Hmmm...I've always gone through a servicer, but you can contact their helpdesk through your local MLS and ask.
Although they just switched things in my local mls to this:
PLMS Clarifire Community Application link:
https://ssad.clarifirecommunity.com/Account/LogOn
Good luck.
-
Permalink Reply by Kimberley Kelly on
-
I just had a FNMAE backed mortgage on a Short Sale. It had been assigned to a 3rd party named Kazork.com and they seem to be pretty on the ball. Try their site?
-
Permalink Reply by Matthew Krause on
-
Tom, My company has experience with this. The seller should have been sent a notice of assignment with contact info. I would ask them if they recall seeing anything like that. Another option is to give me a call and we can do the research, processing, and closing for you.
Matthew Krause
Atlantic Coast Title
Direct: 561-512-3567
-
Permalink Reply by jay grant on
-
or you can do a short sale and have our non profit purchase the home and then sell it back to the home owner. we are getting our offers approved before ten days. one of our recent clients offer was approved in 9 days now were aiming to close escrow in less than 30 days.
our new loan same home buyback plan is the best thing since sliced bread. i sugges who ever has clients wanting to short sale but want to keep their home. send them to us. our # 619-516-8113
1.) we provide immediate funding for your short sale.
2.) 3% usual commision for the listing/buyers
3.) banks write the loss as a tax write off. as a charitable donation to our non profit
ask me how we are able to do this.
-
Permalink Reply by RACHEL BUTTER on
-
Hi: I have been following your threads and I am interested in doing a short sale on my home and buy it back. Have all the intentions and reasons to keep it, please let me know how your company can help me. I have Citibank. Will Citibank normally agree to a short sale on a home if payments never late or missed?
-
-
In my experience I have never had a bank not require you to be at least 30 days late in order to do a short sale.
-
Permalink Reply by Jim West on
-
Rachel,
Have you tried HARP 2.0 yet? Give Citi a call and see if they will talk to you about it.
-
Permalink Reply by Bryant Tutas on
-
x
-
Permalink Reply by Wendy Starling on
-
I completed a short sale directly with Fannie a few months back and like a previous poster mentioned, they use a vendor called Kazork.com. It works like a combination between Equator and HUD. It's pretty simple and they have a rep assigned to your file and in my experience they were very communicative and helpful, their expectation on value vs. required net was very realistic. It was about a 30-40 day process. Don't wait for an offer before you contact them to start the file. They will give you a price up front after doing a BPO and you can then market it as price approved. Hope that helps!
-
-
I am correcting the ten day typo. were getting approvals in 90 days. our recent clients formal approval letter of $147,000 is with us and his agent is hoping to close ecrow in 30 days.
© 2024 Created by Short Sale Superstars LLC.
Powered by
**********************************
like buttons