Replies to This Discussion

Permalink Reply by Juan Reyes on March 27, 2010 at 4:33pm

I know I'm coming in late to this discussion, but I just had that happened to me with a BOA short sale this week. The loan meets all other guidelines, BOA who owns both loans, is losing about 15% of the original amount.

Very, Very frustrating indeed to have this come up at the last minute, we could have been told this 1,2,3,4,or even 5 months ago when we originated the sale.

Did you get this resolved?

Permalink Reply by EL E on April 18, 2010 at 4:45am

Does the Comptroller of the Currency oversee Fannie Mae or just national banks? If not, who does?

Permalink Reply by Jennie Blackburn on July 15, 2010 at 8:26am

We just received an approval letter from IndyMac?One West Bank with a list of conditions that included this statement: "...acknowledge that Indymac Mortgage Services retains all deficiency rights as provided by the note, deed of trust and/or security agreement in accordance with local and federal laws." I requested that the language be changed to "waive any deficiency rights", and received an immediate reply, "Fannie does not waive their deficiency rights, and the wording of the approval letter cannot be changed in anyway. Please let me know if the sellers are willing to proceed, or if I need to remove the short sale workstation and proceed to foreclosure as scheduled."

Anyone else had experience with this?

Permalink Reply by Gwen Mark on February 17, 2011 at 10:58am

Write a letter to your Congressman. Ask them to help. They will.

• ‹ Previous
• 1
• 2
• Next ›
• Page