NOVAD as 2nd lien - Short Sale Superstars2024-03-29T07:16:34Zhttp://shortsalesuperstars.com/forum/topics/novad-as-2nd-lien?groupUrl=fhashortsales&commentId=3468065%3AComment%3A392288&xg_source=activity&groupId=3468065%3AGroup%3A1029&feed=yes&xn_auth=noSounds like NOVAD is holding…tag:shortsalesuperstars.com,2019-11-22:3468065:Comment:3996782019-11-22T20:56:08.580ZBrett Goldsmithhttp://shortsalesuperstars.com/profile/BrettGoldsmith
<p>Sounds like NOVAD is holding a partial claim from a prior modification. They will need to paid in full. Is the 1st lien holder still servicing a FHA loan?</p>
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<p>Brett@ishortsalenow.com</p>
<p>310-564-6389</p>
<p><a href="http://www.ishortsalenow.com" target="_blank">www.ishortsalenow.com</a></p>
<p>Sounds like NOVAD is holding a partial claim from a prior modification. They will need to paid in full. Is the 1st lien holder still servicing a FHA loan?</p>
<p></p>
<p>Brett@ishortsalenow.com</p>
<p>310-564-6389</p>
<p><a href="http://www.ishortsalenow.com" target="_blank">www.ishortsalenow.com</a></p> Hi, can you please help me-ha…tag:shortsalesuperstars.com,2019-11-22:3468065:Comment:3998772019-11-22T19:01:37.634ZSelinda Kennedy-Bryanthttp://shortsalesuperstars.com/profile/SelindaKennedyBryant
<p>Hi, can you please help me-have you dealt with and EHLP loan through Novad Hud? Seller says she completed the 5 year program and shouldnt owe anything because that was the stipulation-but she has no idea where her documents are. We did a short sale on the 1st but now this came up on title of which she did not really understand was there</p>
<p>Hi, can you please help me-have you dealt with and EHLP loan through Novad Hud? Seller says she completed the 5 year program and shouldnt owe anything because that was the stipulation-but she has no idea where her documents are. We did a short sale on the 1st but now this came up on title of which she did not really understand was there</p> Since you have a Novad Partia…tag:shortsalesuperstars.com,2018-03-06:3468065:Comment:3922912018-03-06T18:27:56.998ZJason Sanseverinohttp://shortsalesuperstars.com/profile/JasonSanseverino
<p>Since you have a Novad Partial Claim 2nd - The loan with Ocwen should be an FHA loan. Correct?</p>
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<p>The Partial Claim loan is paid 100% (no short sale) and the NET to Ocwen is reduced by this amount. Ocwen should be aware of this - if you have any issues - call Novad - file a case and get a HUD rep involved. </p>
<p>I negotiate these types of files often (FHA 1st with Partial Claim 2nds) and Ocwen shouldn't cause an issue. </p>
<p>Since you have a Novad Partial Claim 2nd - The loan with Ocwen should be an FHA loan. Correct?</p>
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<p>The Partial Claim loan is paid 100% (no short sale) and the NET to Ocwen is reduced by this amount. Ocwen should be aware of this - if you have any issues - call Novad - file a case and get a HUD rep involved. </p>
<p>I negotiate these types of files often (FHA 1st with Partial Claim 2nds) and Ocwen shouldn't cause an issue. </p> Partial claim. Payoff $121,7…tag:shortsalesuperstars.com,2018-03-06:3468065:Comment:3921842018-03-06T18:23:24.788ZNoelle Battlehttp://shortsalesuperstars.com/profile/NoelleBattle
<p>Partial claim. Payoff $121,708.05 The offer is $350k on a $375k listing</p>
<p>Partial claim. Payoff $121,708.05 The offer is $350k on a $375k listing</p> What type of loan is with Nov…tag:shortsalesuperstars.com,2018-03-06:3468065:Comment:3922882018-03-06T18:06:41.735ZJason Sanseverinohttp://shortsalesuperstars.com/profile/JasonSanseverino
<p>What type of loan is with Novad? Partial Claim / EHLP? </p>
<p>What type of loan is with Novad? Partial Claim / EHLP? </p>